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Monday, October 06, 2008

Capitalism: Rise & Fall

When I visited the building of the Secretariate of Public Education in Mexico City, the murals by the renowned leftist artist, Diego Rivera, struck me as shockingly depictive, in particular, the first one here on the hedonistic lifestyle of the rich and famous.  It reminded me of the wine, dine and sin lifestyle of a City investment banker in London, and also, I must say, of the business class here in Singapore as well.  Perhaps, it is even worse among those deeply involved in China-related businesses for business in the China of today inevitably corrupts many with the easy and low-cost availability of sex, sin and hedonism.
 
The dramatic collapse of investment banking and late 20th century capitalism, driven by pure greed and the uncontrolled use of derivatives, might well lead to the outcome shown in the second mural attached.
 
 

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