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Allocating capital towards the most useful projects is a valuable real world skill. Bankers are essential for an advanced economy, as is capital investment. No
by cortesoft 6y ago
Allocating capital towards the most useful projects is a valuable real world skill. Bankers are essential for an advanced economy, as is capital investment.
Now, we can certainly argue the specifics of the best way to do that, and whether our current system is working as it should, but it isn’t as simple as to say everyone working in finance is useless.
- CynicusRex 6y ago>Allocating capital towards the most useful projects is a valuable real world skill It would be if that's what speculation actually did, but it doesn't. Everything that predominantly boils down to making money with money needs to go. >but it isn’t as simple as to say everyone working in finance is useless. Agreed.
- gruez 6y ago>It would be if that's what speculation actually did, but it doesn't. But it does. Speculators influence the price up/down depending on their actions. How much they earn is directly based on how correct their predictions are.