Goldman Sachs’ apology is a good start

Decades ago Bob Dylan sang that the times were changing. There are again welcome indications of serious change underfoot. They are the real green shoots cropping up. One of the most recent ones I saw was the $500M apology from Goldman Sachs.

If anyone doubts that this is change, consider this. Goldman Sachs first blustered in defense of it’s profiteering coming out of the near global economic meltdown. They were obviously very happy to reap the spoils in a game of global chicken, in which the last one standing can make out like a bandit, if of course the horrifying crash is avoided.

They also took the standard arrogant stance that they deserved the out-sized bonuses they pay themselves for sucking enormous amounts of value out of the system, at the expense of those at the bottom, who’s blood they are harvesting as they squeeze the proverbial turnips.

But now they are apologizing. And in delivering the $500M to small businesses who have suffered from their exploitation of the so-called free markets and the resulting global economic serfdom.

So this is indeed a welcome start. It’s an indication that, ultimately, the world is programmed towards a new level of maturity. One in which the actual worth of each individual voice is equal, independent of their net worth.

Goldman Sachs

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