From Washington to Wall Street: How can public servants transition into the private sector? Should there be more distance between these two industries? New York Magazine Contributing Editor Gabriel Sherman looks at former White House Budget Director Peter Orszag and his new gig at Citigroup to explore the delicate relationship. Here’s an excerpt from his NY mag article.
The close alliance among Wall Street and the economics departments of the major universities and the West Wing of the White House is the military-industrial complex of our time. That it has an effect on our governance is beyond question. How pernicious and distorting these effects are, how cynical many of its participants might be, and what might be done to change the system are being fiercely debated in Washington.