Valid to compare Wall Street raiders with looters in British riots? “Greed is good” appears to be the common denominator. What is different is the means available and the perception of legality. UK Prime Minister David Cameron has transformed the British riots into a debate over morality and social responsibility. It implicitly places focus most frequently on the young, anarchists, disenfranchised and fringe elements of British society. However, the antidotal evidence suggests that many of the street looters included employed and apparently responsible members of society, including teachers. Disengaged from Social Responsibility @ Top & Bottom of Economic Pyramid? The UK newspaper, Daily Telegraph, suggested that the lower socio-economic rung of society is exhibiting similar symptoms in social behavior as many in the presumably top echelons – disengagement from responsibility toward fellow citizen and focus on one’s own priorities, particularly material and wealth accumulation. The only difference between the top and bottom fringe is opportunity – while for some the opportunity presents itself in the form of riots and vulnerable stores to be looted, for others it is in the form of financial markets that can be presumably legally raided with the primary prey the smaller investors and their meager but relatively defenseless savings. Is this an accurate characterization? Part of the perception is actually what can be captured in a photograph and translated into a broadly consumable image. (See Video & Interview of UK Filmaker Claudia Tomaz on riots in UK - www.filmannex.com/posts/blog_show_post/a-london-filmmaker-talks-about-the-london-riots/33741 ) When a hooded rioter breaks into store and walks out with looted jeans, it is an overt violation and visibly intrusive. When a retirement account drops dramatically in value because of “trading” in financial markets, there is no “violence” or breaking lock and glass. The photograph is lacking in drama, if there is a photograph at all, but the result of the predatory action is as or more dramatic. Everyone’s Future Linked to Financial Market Behavior and Consequences: The standard retort to small investors and their retirement accounts is that they are neither forced to invest or sell in any particular time. However, that is disingenuous and inaccurate. Modern society has all members of society directly or implicitly invested. Jobs as well as savings/retirement accounts are dependent on performance in financial markets. Home mortgages and health care are affected by consequent rates. The trickle down effect of financial markets includes both the benefits and negative consequences. Barbarians at the Gate: The barbarians at the gate raises images of marauding mobs and Huns. The Roman and British Empires, among many in history, are projected as representing order. However, they were no less looters once stripped of pomp – just ask the Jews whose Second Temple was sacked, and the stolen loot then reemployed in the building of the Roman Coliseum, its shows hardly a bastion of civilized behavior. Not to get to lost in historical analogies, the modern financial markets linked to the most influential institutions and persons of our society are projected to behave in a rationale and even orderly manner. However the truth is to the contrary: chaos, mayhem and plunder are the characteristic. “Capitulation” - Your Daughter for Your Life: The term “capitulation” is used in financial markets to describe the point when investors are in panic selling at the lowest point just because they cannot withstand the uncertainty and losing everything. As a highly experienced Wall Street player defines capitulation: it is when the volatility is so heavy that the next guy just throws up on the floor and runs away. In psychology, it is not that different from when the vanquished towns people offer their meager reserves of food and their daughters to the raiding marauders to save the heads on their shoulders. Capitulation also defines the moment when the exhausted financial markets are just about to rebound, but only after many investors are stripped naked and feel fortunate to get out. Is greed good? Think that the Daily Telegraph had it fundamentally right at least in part. It is not just about riots on the streets but looting in the financial markets. The term has become the mantra of a whole new generation of financial raiders, but it is less about free markets as looting. The answer is not defined by class lines but behavior and consequence. Read ARTICLE “Financial Markets Swerving-Global Recession on Edge” - diplomaticallyincorrect.org/films/blog_post/financial-markets-swerving-global-recession-on-edge-by-ambassador-mo/33537 Read ARTICLE – “Financial Jungle – Can Anyone Leash the Predator?” -http://diplomaticallyincorrect.org/films/blog_post/financial-jungle-can-anyone-leash-the-predator-by-ambassador-mo/27281 )

 By Ambassador Muhamed Sacirbey










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