4 ms·
Finance hasn't contributed nearly as much to global GDP as your post suggests. Innovation (specifically the industrial revolution) has been the key driver of im
by JDDunn9 11y ago
Finance hasn't contributed nearly as much to global GDP as your post suggests. Innovation (specifically the industrial revolution) has been the key driver of improved productivity. Everything of value has to be based on something real. The tractor is beneficial because it is a multiplier to labor. Derivatives based on thin air do nothing.