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At best, the market's the place where funding originates. It helps others create wealth. At worst, it's merely a middleman, pocketing a cut of other people's
by jleyank 18y ago
At best, the market's the place where funding originates. It helps others create wealth. At worst, it's merely a middleman, pocketing a cut of other people's transactions. This is accepted as it's useful to have a "market for money", but I would not say it creates wealth in the same way as something that processes ideas to sellable code or raw materials to finished product.
- yters 18y agoBoth code and the market create value by processing information. Code can break too, but that's not an argument against writing code. So, I'm not seeing a strong argument that the market is essentially different than any other sort of value creating information processing we do.