Have you seen The Big Short? It's on Netflix and is pretty good. The CDO manager in it claims that society must value what he does very much because he has an e

Have you seen The Big Short? It's on Netflix and is pretty good. The CDO manager in it claims that society must value what he does very much because he has an extraordinary net worth [1]. I'm trying to express the point expressed in that scene. You can get very rich and have high net worth while actively hurting most people. Things with high rates of return may be good investments but they may also be massive frauds, as we all learned in 2007. Banks want people to take out loans because they collect fees and offload the risk via MBS. They give people loans who can't afford them and that's not good for anyone, but then they know they'll get bailed out again if something goes south. None of this is sustainable, healthy, or productive. [1] https://youtu.be/A25EUhZGBws?t=331 https://youtu.be/A25EUhZGBws?t=331