Beastrabban\'s Weblog

I’ve commented several times before that the Conservative Party has all the morals of Gordon Gekko. Remember him? He was the monstrous incarnation of ruthless corporate greed played by Michael Douglas in Oliver Stone’s 1980s film, Wall Street. This had the now notorious scene in which Gekko makes a speech in front of his fellow financiers praising greed. ‘Greed is right’, he intones, ‘Greed is good. Greed … works’. The film ends with Gecko himself ruthlessly betrayed and discarded by a younger protégé, a man Gekko has been raising up through the corporate ladder according to his own set of amoral principles. Here’s the speech:

Unfortunately, it didn’t quite work out like this in real life. The global banking system nearly collapsed due to the colossal greed of leading bankers and financiers through a system of toxic debt and a web of complex fraud. This brought down Lehmann Brothers…

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