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The capitalism was going great until actual capitalists got involved!
by optimalsolver 4y ago
The capitalism was going great until actual capitalists got involved!
- wpietri 4y agoRight? The whole history of capitalism can be written in terms of "well that's fucked up, how can we patch that hole?" I used to work for traders on the Chicago Mercantile Exchange, a privately held marketplace for commodities and derivatives. It was an extremely capitalist place, and over the years it had evolved extremely tight internal regulations. You just did not fuck with the exchange or with your clearing firm. If you did, could end up a grease spot on the pavement. All the extreme capitalists I worked with were fine with that. They wanted to keep on making lots of money, and strong regulation created something where people felt safe engaging. That meant high-volume, high-velocity money flows. They were all greedy, but long-term greedy. I feel bad for the sweet summer children who were like, "We'll invent a money with no regulation and it will be utopia!"
- JohnFen 4y agoExactly this. Greed has never been good, but the entire premise of the US form of capitalism is that greed is inevitable, so we should try our best to make it as close to a force for good as possible. Even if the greedy people don't care about that.
- sumtechguy 4y agoWas any actual capital involved? That looks like a speculation bubble.
- IndoorPatio 4y ago+1