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> Industries from pizza-delivery to Hollywood are being changed by technology, but finance is unique because it can exert voting power over firms, redistribute
by abbadadda 7y ago
> Industries from pizza-delivery to Hollywood are being changed by technology, but finance is unique because it can exert voting power over firms, redistribute wealth and cause mayhem in the economy.
This is quite the sensationalist bullshit. What does this even mean? The rest of the article is paywalled, so I don't know for certain where the author is going with this, but what mayhem is there to speak of?
As noted by other commentors, retail investors are much better off these days because of tightened bid/ask spreads.
After working in HFT for nearly 10 years I've learned the firms that do the best do so by proving value to the market. Through competition with one another, retail investors are much better off by getting better prices from market makers who do a better job.