10 Greediest People of 2009

As ordinary Americans reel from the Great Recession, these gluttonous all-stars continue to claw in absurd amounts of money.

Has picking a year’s greediest “top ten” ever been easier? We don’t think so. We could, this year, fill an entire top ten just with bankers from Goldman Sachs — or JPMorgan Chase or any of a number of other Wall Street giants. All sport executive suites packed with power suits who fanned the flames that melted down the global economy, then helped themselves, after gobbling down billions in bailouts, to paydays worth mega millions — at a time when, in over half our states, over a quarter of America’s kids are living off food stamps.

Now that’s greed. But that’s also not the whole picture. The Great Recession’s greedy don’t just sit on Wall Street. They occupy perches of power throughout the reeling U.S. economy. So we’ve tried, in this our latest annual ranking of avarice, to survey that bigger picture.

Where does all this greed come from? We humans have always, of course, had greed among us. But levels of greed vary enormously from one historical epoch to another — and from one society to another.

What determines which societies see the most greed and grasping? In a word: inequality. The more wealth concentrates, the more greed grows. The United States remains the most unequal nation in the developed world. Next year, we suspect, will bring us still another bumper crop of greedy.

Full Story 10 Greediest People of 2009 | Corporate Accountability and WorkPlace | AlterNet.

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  • Thom’s Blog
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    If we don't change our ways soon...

    A new report by the Royal Society, chaired by Nobel prize-winning biologist Sir John Sulston warns that world population must be stabilized and consumption in wealthy nations must be reduced or the entire planet is in big trouble. As the report reads: "The number of people living on the planet has never been higher, their levels of consumption are unprecedented and vast changes are taking place in the environment. We can choose to rebalance the use of resources to a more egalitarian pattern of consumption... or we can choose to do nothing and to drift into a downward spiral of economic and environmental ills leading to a more unequal and inhospitable future."
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    And now with corporations calling the shots in Washington - long-term sustainability of the planet takes a back seat to short-term profits. If we don't change our ways soon - and embrace clean, alternative energy and educate women around the plant - then we all could be headed for a rough century.
    -Thom
    (Is there any chance we will learn in time? Tell us here.)
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