Wells Fargo will teach teens that the path to financial prosperity just so happens to come through the financial services offered by Wells Fargo itself. That’s no coincidence. Teen Financial Education Day is really just a sales gimmick, at which Wells Fargo will teach the children of working Americans that they can’t have the privilege of careers in the arts.
GM management says not to worry, because some of the profits from the sale of cheap cars made in foreign countries by workers who don’t have full labor rights in factories that don’t meet environmental standards will come back to the United States, to GM executives. A little of that money, then, will trickle down all over the rest of us.
The thought that occurred to me most strongly is that the relative ethical worthiness of these corporations can’t be adequately judged with just a couple of different numbers describing limited aspects of their performance. On the other hand, it’s important to remember that each and every one of these corporations, even Capital One, has set itself apart by coming to the government with cap in hand, begging for money.