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Channel: Comments on: Goldman Sachs Stumbles: The End of the “Vampire Squid”?
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By: Joshua Northey

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If Goldman Sachs disappeared today it would only mean good things for the global economy.

It is just the worlds most successful rent-seeker inserting itself into transactions needlessly.

The added value part of the financial sector (capital allocation) is maybe 10% of its total activity. The rest is just very smart people finding any way they can to suck money out of the real economy.

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