Democracy is an illusion! It’s become a political system fostered by the élite, for the élite, in order to fool the people that they have a stake in the system. In actual fact, they have virtually none. The whole political system in the modern era, despite having noble beginnings, is now used to benefit the few at the expense of the many. – Mark Alexander, June 29, 2018
Monday, 6 February 2017
Wall St Power: Are Financial Élites a Good Fit for Trump's Cabinet? | SophieCo with William D. Cohan
In his bid for office, Donald Trump promised to take on Wall Street, reign in big corporations, and blasted the Clintons for their ties to big banks. But now that he’s in the White House, he’s filled his cabinet with Goldman Sachs officials, spurring fiery debate. How much power will Wall Street’s elite have over decision-making in the new Administration? And is that really a bad thing? We ask a former Chase and Merrill Lynch Wall Street banker, the bestselling author of Money and Power and the Price of Silence – William D. Cohan.
