8 November 2011

The one percent

A frosty and beautiful run along the loch-side this morning, as the stars faded in the early light.
Yesterday the Guardian carried an excellent essay by George Monbiot in which he highlights the clinically psychopathic characteristics of senior managers and chief executives, and the feudal way in which they claim their rewards, reminiscent of medieval dukes. He also quotes Daniel Kahneman’s study of Wall Street fund managers, which found that their massively renumerated performance was “no better than that of a chimpanzee flipping a coin”. And meanwhile, over the last 30 years, the gap between the richest and poorest has been increasing, keeping pace with the ever-greater trashing of the planet in the name of economic growth. World leaders have failed spectacularly to make a difference, so maybe it's time to try the chimpanzees.

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