www.marketwatch.com/story/grantham-wonders-if-marx-was-right-after-all-2012-02-29

• It’s about profit, not people: “Capitalism in general has no sense of ethics or conscience. Whatever the Supreme Court may think, it is not a person.”

• The more people borrow, the more they just gamble: “Leverage … increases your returns over and over until, suddenly, it ruins you. … There are no Investors Anonymous meetings to attend.”

• This time, it’s not so different: “Ignore the … inevitable cheerleaders who will assure you that this time it’s a new high plateau … even if that view comes from the Federal Reserve itself. No. Make that, especially if it comes from there.”

• Washington is becoming a corporate subsidiary: “What capitalism has always had is money with which to try to buy influence. … The issues they influence are precisely … the ones that are most important to society’s … very existence.”

• Big companies can’t help it: “Ethical CEOs can drag a company along for a while, but this is an undependable and temporary fix.”