This is the most compelling resignation letter I think I will ever read. From a narrative standpoint - it’s fascinating.
“You and I have never met or spoken to each other, so I’d like to tell you about myself,” Jake DeSantis writes.
And he does.
But there remains a significant disconnect between the work of the executives in the finance world and the comprehension of the average American. How are we supposed to forcefully rail against the financial crisis without any real understanding of what “commodities” and “securities” are? I have some sense of it, but not a firm grasp. To me, this is the real problem - we have no hope of being a rational, educated populace as long as the financial markets remain as abstract as they are. Perhaps it will stay this way, and democracy is bound to come further under the rule of elites because of the economic forces we don’t understand. Otherwise, all the populace can see is “that guy’s making millions more than me, and he doesn’t deserve it/couldn’t possibly need it/is amoral, because so many are suffering in poverty and he spends it on his platinum-plated yacht.” And we react to that, instead of climbing the steep learning curve that these economic concepts seem to require.
