When Did Innovation Start Hurting Society?

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Simon Johnson, professor at MIT's Sloan School of Management, senior fellow at the Peterson Institute for International Economics, and co-founder of BaselineScenario.com, breaks down the news that Goldman Sachs has been privileging its biggest clients with exclusive investment tips, and argues that the variety of "innovations" that financial institutions employ to gain a leg up over their competitors have damaged the lives of every day Americans.

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