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That's a good thing. Large financial flows correlate with increased severity and frequency of financial crises: https://www.odi.org/sites/odi.org.uk/files/odi-
by crdoconnor 10y ago
That's a good thing. Large financial flows correlate with increased severity and frequency of financial crises:
https://www.odi.org/sites/odi.org.uk/files/odi-assets/publications-opinion-files/3395.pdf https://www.odi.org/sites/odi.org.uk/files/odi-assets/public...
I don't know why people are crying about the financial sector. They have fucked over ordinary people time and time and time again and for once they get the short end of the stick. They're extractive parasitic economic actors who drive up costs and don't produce anything of value.
- cylinder 10y agoExactly. Living in a financial capital is shit if you're not in finance too. Bring on a more diverse array of industries with less parasitic behavior.