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"Efficient markets are good for society, they give us accurate prices for things, and inform us of the impact of events." Efficient evolution is also good for
by Intermernet 7y ago
"Efficient markets are good for society, they give us accurate prices for things, and inform us of the impact of events."
Efficient evolution is also good for society. This doesn't mean that we actively kill off the branches of humanity that seem less than ideal.
Every trade you make has effects in the lives of actual people. Don't look at "markets" as the flow of currency. They are often the livelihood of actual people, and when you start hedging on literal life and death, you don't have much wiggle-room to moralize.
"Not everything must be altruistic". No, but if it can be, it should be.
"The misfortune (some inevitable, some preventable due to bad leadership) will happen anyways". Yes, this is why I asked if the profits would go to alleviating this in future incidents. You can't stop the current misfortune, but you may be able to stop the future misfortune.
Anyway, good health to you and yours.