But it seems to me that the one thing the top dogs of private sector do most efficiently is to use their enormous wealth to ensure that the Governments remain inefficient. This is true all over the world. How? Through campaign donations and kick-backs, direct, indirect, under the table, in the bedroom and what have you! They make sure, through the main steam media, that the public only gets to see and hear about the most incompetent politician they could find who would do as told once in power( see George Bush).
Anyone who is capable of getting themselves made President should on no account be allowed to do the job.
-- Douglas Adams
You might say the the governments are just as bad in poor countries. But the politicians in poor countries are brought into power by drug lords and mafias and the like. Those are the third world equivalent of Wall Street Bankers.
I believe that the day the government discover efficiency, all private sectors would be wiped out. Obviously. I mean, why would anyone buy any thing from a faceless organisation that owes no accountability and no obligations towards their fellow man, when they can get the same thing or service from a representative government that they have democratically elected and can remove from power whenever they feel like.
So if the Goldman Sachs and the JP Morgans and all other BAILOUT QUEENS (these corporations are basically wards of the state, they won't last two days in the free market) are serious about capitalism, they should spend their every last dollar trying to make sure that the government remains incompetent. That only the most incompetent sycophant sell-outs make it into the government.
Can you imagine the day the people of USA wake up and take control of their own government. These corporations will be destroyed.
Just some thoughts. In the meantime, here's business as usual:-
http://dealbook.nytimes.com/2010/02/15/wall-street-and-greece-shades-of-enron/