In a recent interview, one expert worries that investors in one market sector – hedge funds – are increasingly moving into similar positions, which could lead to crowded trading. That could be a problem.
In a post-Cold War America distended by global capital, distorted by concentrated income and wealth, undermined by unlimited campaign donations, and rocked by a wave of new immigrants easily cast by demagogues as 'them,' Reich writes, the notion of the public good has faded.
Bank of America intern Moritz Erhardt was known to put in grinding days. Ambitious interns are easy targets for exploitation the world over, say critics.