Lawrence Goodwyn On Financial Arrogance

Goodwyn's account of the Populist movement, Democratic Promise, is quoted extensively by Howard Zinn in People's History of the United States, and also in William Greider's masterpiece on the Federal Reserve, Secrets of the Temple. You can find Goodwyn quoted in the first paragraph of Bill Moyers' recent book, On Democracy, and cited in just the same way in countless other books and essays.
...I have one additional reaction that is so strong it is almost, but not quite, private: What has happened in the 23 months since the 2008 election has simply heightened my lifetime of astonishment at the financial arrogance that long ago matured within the culture of American banking. For all my accumulated indignation over a half-century of unwanted experience, I now must admit that I underestimated the capacity for sheer greed that drives American banking. The evidence is compelling that a great many people within the financial community acknowledge no limits because they have a seriously atrophied loyalty to American society as a whole. I speak here of the cornerstone of the American democratic experiment itself: the sense that a majority of us have had -- have always had -- that we are in this thing together.

Bankers are not with the rest of us on this. Perhaps they never have been. All exceptions freely conceded, but the general reality still holds: they are killing the promise of this republic...
Lawrence Goodwyn and Jan Frel via Alternet

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