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economically unproductive I think is what they meant, you could say society is a lot when their talents are used for gambling vs something like scientific resea
by ausbah 6y ago
economically unproductive I think is what they meant, you could say society is a lot when their talents are used for gambling vs something like scientific research
- MaxBarraclough 6y agoWhat about high-frequency traders? Profitable, technically challenging, but in a very real sense entirely pointless and contrived.
- ausbah 6y agoI meant to add finance as a good example of what I meant, including HFT. basically just saying that while individually people benefit from working in these schemes, the broader economy arguably benefits little to even negatively
- toast0 6y agoHFT isn't my cup of tea, but the rise of HFT has certainly narrowed spreads and contributed to zero comissions; and I apprechiate those effects.