There's an interesting interview with anthropologist Karen Ho, who studied the culture of investment banking and found that Wall Street capitalism tends to operate based on the culture, values and relatively privileged circumstances of the bankers — and not so much according to the even hand of the free market.
Ho says of the investment bankers, who are finally getting a taste of what they have wrought:
Restructuring and downsizing looks different when operating on a substantial social and financial cushion, she says:
Ho's research adds more evidence that the financial meltdown was driven by compensation practices that rewarded quantity of deal making, not quality. She has a forthcoming book, some of which may be foreshadowed in her chapter in The Anthropology of Globalization, which contains this quote from Anna Tsing:
The world is flat, indeed.