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My argument would be something like: I don't care how much people are compensated if they made it fair and square. Nothing in the financial markets has been fa
by anm89 6y ago
My argument would be something like: I don't care how much people are compensated if they made it fair and square.
Nothing in the financial markets has been fair or square for a very long time, at least since the 2008 bail outs.
I'm all for them having 600 yachts if they earned it if they also lose their shirts when it goes wrong. We have just set it up so they get a yacht if they win, and maybe a smaller yacht if they lose, and people are understandably angry about this.
But, it's a hard problem, because we have made our entire financial system a maze of smoke and mirrors and quite honestly I don't think anybody really knows how to unwind it, and the whole thing would come crashing down calamitously if we just forced it to happen. Blindly railing against the system is particularly unproductive in my opinion though and I think some number of social justice minded people take pride in not understanding it.