Monday, January 5, 2009

Transition Away from Wall Street

The times has a new story up about people's transition to new creative fields and away from Wall Street.

“The economy couldn’t survive on speculation and what really amounted to advanced financial alchemy,” he told The Times. “We are now realizing it is our human creativity that is our real capital.

“The economic downturn is going to free up top talent to do other things that are going to change the metabolism of cities like New York in a very good way.”

This has been a long time in coming and seems to be something of a myth: All the bright creative people of our generation left their Ivy League schools for gold plated Wall Street and were hopeless to resist the financial rewards.

I am skeptical. I wonder how much of this is willfully wishing that our best and brightest were more altruistic and bursting with something other than unaccountable greed, and how much of this pent-up creative genius actually exists? All the same, it is not like money is going away and with TARP its also not like the government wouldn't be a proud stop for altruistic financial do gooders... I just wonder how many Creatives are going to willfully turn their back on the money that will be made (in the future) now that they have tasted it?

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