TO WARREN OR NOT TO WARREN .........

The billionaire  Warren Buffet wrote in an article to Fortune , few years back : My luck was accentuated by my living in a market system that sometimes produces distorted results , though overall it serves the country and its rich well . I've worked in an economy that rewards someone who saves the lives of others on battle fields with a medal , rewards a great teacher with thank-you notes  from parents , but rewards those who can detect the mispricing of securities  with sums reaching into the billions . In short , fate's distribution of long straws is  .wildly capricious .

No one denies that banks , large and small , and financial institutions , have an essential function in today's capitalistic societies , but the idea that such institutions will solely put peoples savings to its own most productive and accumulative , serving strictly their interests and the interests of their share- holders , while totally ignoring an over all improvement in the general living standards is unfair , and becoming widely unacceptable .

Huge wealth in 21st century America , as in all civilized countries , should be steered more toward serving the social good , and not simply accumulation and compilation , with always the use of better tools as a better and more efficient taxation system for the higher echelons, and not merely relying on donations , charity and philanthropy.

It shouldn't , and cannot be total freedom for bankers , traders and CEOs to go for transactions and schemes that only propels their profits , at the price of periodical catastrophic damages to the economy , leaving millions without their homes , their retirement funds depleted , and workers and young graduates jobless for years . Then be bailed out with taxpayers money , taxpayers left with little choices in the midst of the crises .

We live and cultivate a culture whereby more often than not , it is accepted that the rich and the very rich individuals and institutions , are gradually separating themselves from any and all social practices and institutions , resulting in a sharply divided society , with poorer and ineffective social programs ,  decaying infra-structures and faltering public educational systems , all absolutely needed for the survival of any civilized country , and to all societies aspiring to live by modern enlightened  values .

We are as individuals and as a society becoming obviously ineffective against decline , in all our social duties . We all should not settle for inherited state-of-affair stagnant situations , where some greedy few with their wealth , lobbyists and bought politicians , become the sole sources of legislation , exclusively to benefit and empower themselves and their small world . Falling miserably short of our standards and expectations of how things ought to be for all of society .

We should not allow the greedy few threaten the hard-won gains for decency America has made , even when we acknowledge that the same problems affect many societies all over the world . Let's all hope that such and similar ideas will be of some influence at the upcoming presidential elections .

An old blog of mine, published back in 2015, but with the actual bank crisis and its continuing ramifications, especially lately an Israeli strong connection, which transferred more than 43 billion Dollars to an Israeli bank account, just few days before the Feds froze the operation of two US banks, the transfer took place mostly at the NY Signature bank, and is not allowing this crisis to end nor be properly examined and contained.
MY usual thanks to all my good friends and readers .