Proletarian Bankers Feeling the Capitalist Yoke
Banks have long been oddities -- fiercely capitalist in their treatment of others, yet run like Marxist bastions where labor, rather than capital, captured much of the value created. (Just look at the share of revenues that went to employee compensation before the crisis, or the bizarre fact that, in essence, banks only adjust their balance sheets by borrowing more or less rather than issuing or retiring equity.)
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- Trump's Numbers Are Really, Really Bad
- Has Trump Fixed the 'Worst Deal Ever'? Kinda, Sorta
- North Korea Is Playing a Longer Game Than the U.S.
- Authoritarian Cryptocurrencies Are Coming
- The Long-Term Stock Exchange Is Worth a Shot
- California Can't Make Trump an Ethical President
- Why Weinstein Held On For So Long and Fell So Fast