Bankers’ Time vs. Human Time
When I was growing up, we didn’t talk about banker’s time, but rather bankers’ hours. Bankers worked from 9 to 3 while the rest of us worked from morning til evening. Things have changed. In fact, the old bankers’ hours were closer to human time than bankers’ time is today.
Today, bankers’ time is techno-time. Money, stocks and bonds can be traded in a split second with the click of a button. It may take the European Union days to put together another financial package to support the Greek economy. Speculators and investors can undo their effort in seconds. As it stands today, human time does not have a chance against bankers’ time.
How fast in human time? How long is a pregnancy? It remains around 9 months whether we like it or not. How long does it take for a child to learn to speak? It begins around a child’s first birthday. How long does it take to develop a reliable friendship? To move beyond the loss of a loved-one? To say good-by to one’s life? Our answers to these questions will give us some knowledge about human time.
So whose time will set the clock for the occupation of Wall Street? It depends. How long does it take to change a banker’s mind?