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If we do enter an era of slowing actual growth, we will really have a problem with the financial industry trying to cannibalize the entire economy to find "alph
by api 3y ago
If we do enter an era of slowing actual growth, we will really have a problem with the financial industry trying to cannibalize the entire economy to find "alpha" somewhere.
Everything in our economy could work just fine without a lot of growth except finance, which absolutely cannot work and collapses completely unless number always goes up forever.
- lotsofpulp 3y ago>Everything in our economy could work just fine without a lot of growth except finance Which includes all taxpayers, since all those government employees are paid with the "growth" in the form of underfunded defined benefit pension and retiree healthcare. Or the people counting on their 401k numbers to go up.