Matt Levine, Columnist

Banks As Socialist Collectives

Also pew-pew maps, crypto trust, shareholder noncompetes and CBS.

May 21, 2018 at 2:43 PM UTC

Matt Levine is a Bloomberg Opinion columnist. A former investment banker at Goldman Sachs, he was a mergers and acquisitions lawyer at Wachtell, Lipton, Rosen & Katz; a clerk for the U.S. Court of Appeals for the 3rd Circuit; and an editor of Dealbreaker.

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Are banks Marxist paradises?

I have often suggested that the modern investment bank is a socialist paradise run for the benefit of its workers, but according to the New York Times’s new “Marx Ratio,” their socialism is only so-so: