By Jerry Del Colliano “The richest one percent of this country owns half our country's wealth, five trillion dollars. One third of that comes from hard work, two thirds comes from inheritance, interest on interest accumulating to widows and idiot sons and what I do, stock and real estate speculation. It's bullshit. You got ninety percent of the American public out there with little or no net worth. I create nothing. I own. We make the rules, pal”. -- Gordon Gekko. Over the weekend I re-watched Wall Street for a little escapism -- the Oliver Stone 80’s movie starring Michael Douglas and Charlie Sheen. This diatribe (above) by Douglas playing Gordon Gekko, the corrupt and heartless Wall Street speculator kind of reminded me of the radio industry. So much for escaping the daily reminders of a radio industry destroyed at the hands of Wall Street greed. But there it was. On the screen. Less than ten years after the movie debuted, radio consolidation began. What many thought was just a figment of Stone’s imagination actually predicted the mess that was to follow for the country and for the media industry. Twenty-three years later, look what we're left with. Wall Street --...
Source: Inside Music Media
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