Seek the Summit

The Failure(s) of the Market

Is it any wonder that the economy is where it is today, given that behaviour such as is revealed in this interview of Jim Cramer is considered reasonable, excusable, required. What’s more surprising is that the whole system wasn’t brought down by hedge funds much, much sooner. While Jim Cramer tries to justify cheating and lying by saying everybody does it, and that the outcome justifies doing so, what he really highlights to me is one question: how can any of us small investors ever hope to get ahead, when the system is so obviously rigged.

He really gets into it around the 2-minute mark: