Generation Bubble

Children of a Lesser God: The Global Precariat and the Goldman Sachs Gospel

Goldman Sachs’s Lloyd Blankfein and Metropolitan‘s Charlie Black share the sort of myopically grandiose perception of their class. For them, the value their class is made plain by its continued existence. Should their class disappear, Armageddon would ensue. Seas would boil. The moon would turn to blood. Stock options would go unexercised. It’s this inflated sense of vital necessity which lay behind Blankfein’s bloviation and Charlie Black’s lucubration. Ultimately, it underwrites the sense of the unique tragedy attending the urbanite bourgeoisie’s decline, as well as the logic of “Too big to fail” and the ex cathedra decree of “doing God’s work.” Apparently no longer content with being known as “Government Sachs” for the various former executives who now stride Washington D. C.’s corridors of power, Blankfein and his merry band seek nothing less than the foundation of one holy catholic and apostolic church, consecrated to Mammon, their tribal deity, who demands regular bloodletting and smoldering hecatombs.