Madoff was a bad example
Reader comment on: Grassley on Wall Street Fat Cats
Submitted by ben (United States), Mar 17, 2010 20:47
Yes, Madoff acted illegally, whereas the bankers who dealt in securities acted stupidly (perhaps dishonestly or unethically, and perhaps in some cases illegally). Nonetheless, what defines a successful capitalist? Were these bankers who became personally wealthy at the expense of the markets and taxpayers successful?
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The Future of Capitalism replies:
Well, yeah, in capitalism, one of the scorecards of success is how much money you make. There are other measures of success that can coexist with capitalism -- happiness, for example -- that are less easily measured.
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