Greg Smith's Declaration of Independence

Greg Smith worked for Goldman Sachs, an investment banking and securities firm, for over a decade. This time span allowed Smith to watch the company change and evolve into a business he believes is very corrupt.. In his article, Why I am Leaving Goldman Sachs, he reveals that, "the environment now is as toxic and destructive as I have ever seen it" (Smith 1). He repeats himself often and refers back to the company's shift in culture and values over the past twelve years. It is evident that Goldman Sachs has switched its focus from making the client pleased to making the most money off the client even if it is not the best financial decision for them.

Many times throughout this article, I found similarities between Smith's accusations and the Declaration of Independence. The citizens that came to America from over seas dreamed for their freedom. Goldman Sachs and Great Britain connect on various levels which include their desire for money and denying the people their respect. In addition, Smith's article and the Declaration of Independence were written to be wake up calls to Goldman Sachs and Great Britain that they will not stand for their nonsense any longer. 

Goldman Sachs and Great Britain used tactics to increase their income by doing whatever it takes. Their last worry in the world would be if the people are satisfied. Smith commented on his company's work ethic and stated that, "it's purely about how we can make the most possible money off of them" (Smith 2). Great Britain would strongly agree with this statement because they made unwarranted taxes, such as the Stamp, Sugar, and Tea Acts, to control and increase their income over seas in America. The Declaration of Independence was written so that if the government ever became out of line the people have the right, "to alter or abolish it, and to institute a new government" (Jefferson 1). When the colonies had enough of Britain's absurdity and realized the taxes were not fair, they changed the government. Smith believes that once Goldman Sachs' clients have the same realization, "they will eventually stop doing business with [them]" (Smith 3).

For Greg Smith, this article is his version of the Declaration of Independence. He acknowledges that he is done with the lying, unfairness, and culture of Goldman Sachs. This is his goodbye letter just like the Declaration of Independence was for America to Great Britain.