Bankers fear inequality

Financial circles are taking note of how economic inequity, social exclusion and other injustices can no longer be tolerated or covered up as in the past. While bankers don’t have solutions for this, it is telling that in meetings where the principal concern is how to make more money, the worry about inequality becoming a significant source of instability now appears with much more urgency than in any of the meetings in preceding years.

It doesn’t matter if this is because bankers are becoming more socially conscious or if they fear social turmoil is bad for business. What’s interesting is that a topic that has rarely been a part of these conversations is now as frequently mentioned  by the world’s financiers as the possible default of the U.S. government.