Henwood speaks a kind of financial blasphemy, using the sacred wisdom of capital against itself. Wall Street is populated by some of the most cynical, greedy bastards on earth. But it's not enough just to say that. The last thing I want to do is sound like a guy on a soapbox moralizing. It's not their personal moral characteristics that create the system they populate.
Capitalism is essentially an amoral system based on exploitation.
And Wall Street is part of the class struggle, to use an unfashionable term. But most people don't realize this, so the market looks incomprehensible to them. H enwood came to be the renegade conscience of the bull market by a rather unusual route. Growing up with the baby boom in a quiet New Jersey suburb, he became infatuated with conservatism his senior year in high school. When I got to Yale in 1971, I joined the Party of the Right, which at the time seemed very exciting.