RealTalkAJ

I’ll be explaining what are some important criticisms that Wall Street faced concerning their practices.

What are some major criticisms of wall street and its practices?

Scholars and executives alike criticize Wall Street for promoting short-term thinking and sacrificing interests, of the employees and customers to benefit shareholders. Also for encouraging dishonesty from executives who feel they’re being asked to meet impossible demands.

Short Term Thinking

There’s a time and place for this type of mentality but it can get complicated when applied to Wall Street. Traditionally speaking: stocks, bonds, IRAs, and things alike are ideally acquired for what most would consider to be a long term investment strategy.

“What was the biggest sacrifice in history?”

This can be a tricky thing to address and I’m sure to have complaints at some point but Wall Street execs sacrificing the interests of employees (and customers) could be considered the coldest sacrifice yet.

It’s a sabotaging tactic that mainly benefits the brand (being Wall Street) immediately. That could be a problem if you’re aware of how brands work and cross link it with wanting longevity.

Promoting unethical practices

Ethics—it’s something most are taught to have when they enter a system of some sort. You’re taught to follow a code and do things everyone else in that ecosystem would do. It’s a beautiful thing in observation but when it comes to business it can skew the vision of everybody involved when a certain height gets reached.

There’s plenty of ways to violate that but one of the most common is dishonesty. Apply it to Wall Street and you might be able to get where the narrative’s at.