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A paper on multilevel cultural evolution shows how looking to our origins might help us improve society at many levels, writes April M. Short.
By April M. ShortÂ
Z Network
Ours is a critical time in the cultural evolution of humanity that is likely to shape our long-term future, or lack the
greed is good. greed is right. greed works. [ applause ] auletta: when michael douglas, in the movie, said, greed is good, i mean, it was a cartoon expression. but there s truth to it. there was a sense that it is okay to be greedy, it is okay to maximize your wealth. what i want to see above all is that this country remains a country where someone can always get rich. brokaw: big companies gobbling up little companies. little companies gobbling up big companies. eight years ago, there were 1,500 corporate takeovers. last year, there were 4,000, involving $200 billion. aug: this type of deal is called a leveraged buyout. the company borrows the money using its assets as collateral for the loan. in return the company issues ious. because the deal is so risky, those ious carry very high interest rates, and they re called junk bonds. now, you may not have heard of michael milken
he always managed to let the press know. he would very much exploit press coverage of walking an accused. - wall street also found itself a giuliani target in an insider trading scandal. - so if you think about the 1980s, when suddenly these guys like ivan boesky and michael milken were becoming insanely wealthy, they were new villains. - certain months aren t always the best, but at the end of the year, it turns out that that s really what counts. - they were the greed is good people, and rudy went after them too. - three persons were arrested and charged with illegal profits of millions and millions of dollars. - among those arrested, nine stockbrokers all in their 20s and 30s, eight of them from one firm. - that was fantastic. and for new yorkers, it was a spectacle. and rudy, in his ruthless way, would make these guys do a perp walk. that is, instead of doing what was considered the correct thing when you have dignified gentleman in three-piece suits,
he always managed to let the press know. he would very much exploit press coverage of walking an accused. - wall street also found itself a giuliani target in an insider trading scandal. - so if you think about the 1980s, when suddenly these guys like ivan boesky and michael milken were becoming insanely wealthy, they were new villains. - certain months aren t always the best, but at the end of the year, it turns out that that s really what counts. - they were the greed is good people, and rudy went after them too. - three persons were arrested and charged with illegal profits of millions and millions of dollars. - among those arrested, nine stockbrokers all in their 20s and 30s, eight of them from one firm. - that was fantastic. and for new yorkers, it was a spectacle. and rudy, in his ruthless way, would make these guys do a perp walk. that is, instead of doing what was considered the correct thing when you have dignified gentleman in three-piece suits,