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I would say finance when operating at its best, recognises and enables value opportunities. When those value opportunities are mutualistic (I.e. financing a ne
by chottocharaii 6y ago
I would say finance when operating at its best, recognises and enables value opportunities.
When those value opportunities are mutualistic (I.e. financing a new venture) its doing its job in a way that benefits us all.
The problem is that much of modern finance generates value through extraction rather than a mutualistic gain.
For example a private equity firm displacing a union contract; or squeezing suppliers; or jacking up drug prices.