In so doing, it allowed finance — which until then had been the servant of American industry — to become its master, demanding short-term profits over long-term growth and raking in an ever larger portion of the nation's profits.
He added: "I'm sure that every teacher who delivers an NCTJ course everywhere in the country teaches it in an ethical manner, but the council itself does not place the stress on ethics that I certainly would like to see and I think that's a pity, but it's also a reflection of the NCTJ being the servant of the industry".
Mr. Gorton has been a loyal servant of the mining industry, a critic of the Endangered Species Act and a reliable supporter of the anti-environmental riders that Western Republicans try to sneak through Congress at the end of every legislative year.
As word of the proposals began to filter out, many environmentalists and political commentators in Europe said that Mr. Bush's plan was far too little, too late, and would not improve his image abroad as a servant of the oil industry.
But he insisted the codes of conduct and the existence of the business appointments commission - which vets the movement of senior civil servants to industry - were sufficient to prevent wrongdoing.
"She wrote to all the decision makers: captains of industry, ministers, senior civil servants or even singers and journalists," according to a detailed study by L'Express.
They were captains of industry, chairmen of commissions, judges, high-ranking civil servants and politicians.
Apparently for the captains of industry and high finance it's not enough for Obama to be a faithful servant of their narrow class interests, they also want him to bend down and kiss their rings.
Never again shall titans of industry need to cross this dingy swamp to the White House on the backs of their swimming servants!
