From the WSJ Blogs: Goldman Sachs' CEO is a socialist,
Gordon Nixon, the CEO of Royal Bank of Canada, said on Wednesday. Mr. Nixon was
imagining newspaper headlines after Lloyd Blankfein told an audience in Toronto
that he was, in fact, not a socialist. The exchange began after Mr. Blankfein launched into a
passionate discourse over how the U.S. has become good at creating wealth but
not redistributing it.
“The two goals of a financial system and an economic system
… should be to expand the wealth of the world and to distribute it fairly,” he
said during a question-and-answer session with Mr. Nixon. ”In the United
States, over the last generation or two, we have been much better at generating
wealth and much less good at distributing
it.”
At that point, Mr. Blankfein, who earned some $16.1 million
last year, felt the need to tell his audience he isn’t a socialist. “I am not saying… I am a socialist. I am
not,” he said, stressing he doesn’t believe in wealth distribution over
production....
More? Check out http://blogs.wsj.com/canadarealtime/2012/09/19/rbcs-ceo-says-blankfein-is-a-socialist/
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