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What about race cars and the insane amount of money spent improving them? There is no social benefit in the sense you are talking. What about the advertising i
by wglb 6y ago
What about race cars and the insane amount of money spent improving them? There is no social benefit in the sense you are talking.
What about the advertising industry, making up slogans and jingles that you can't get out of your head?
I think you might misunderstand the mechanisms behind the stock market and thus the value provided by the HFT industry.
- claw_howitzer 6y agoCorrect, the ad industry also deserves to be mostly killed
- ajkjk 6y agonot saying that every industry should have a social benefit. Just that HFT is uniquely and excessively terrible and pointless and should die. I think you are assuming that anyone who criticizes HFT must be clueless about how finance works because you can't imagine any other reason they would criticize it. Look around, that's not true.