What bugs me as an outsider is that the people who "survive" this and come out on the other side as powerful senior bankers are then also very likely to be powerful outside of the banking profession. It might be that they fund political activity or advise policymakers or maybe just socialize with them.
Can you imagine what damage such a person can do if they succumb to survivor bias? If they use all that is in their power to propagate their life choices as the right life choices for everybody?
No wonder the social contract is being ripped to shreds.
Can you imagine what damage such a person can do if they succumb to survivor bias? If they use all that is in their power to propagate their life choices as the right life choices for everybody?
No wonder the social contract is being ripped to shreds.