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(800 posts)
Mon May 9, 2016, 06:40 PM May 2016

Is Wall Street Monolithic?

No. There are plenty of politically conscious, civic minded people with spare money to spend on Wall Street who have good intentions.

But Wall Street as a whole benefits from wealth concentration, the globalization trend, and friendly regulation.

Wall Street also attracts money from all over the world, from nouveaux riche factory owners in China who don't trust their own government to dictators to narco-traffickers. They influence the people who donate to politicians.

It bears watching.

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