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There is a lot of BS in finance, but throwing blanket statements is something I don’t like. Just like the fact that I can go to grocery store and get dozens va

by ozim 3y ago

There is a lot of BS in finance, but throwing blanket statements is something I don’t like. Just like the fact that I can go to grocery store and get dozens variations of food is because of “professionals”. Financial services help build up farmers sustainability and help new companies build supply chains. Lots of nice things we can enjoy in first world countries would not happen if there would not be people making sure that money can move around.

ithkuil 3y ago
This sentiment taps in a generic meme that has infected society of late. Starting from the fact that many professionals made many mistakes over time, the meme trips you into concluding that if there were no people in that category of "professionals" , then these mistakes wouldn't be made and somehow society would just work "correctly" if it wasn't for those pesky "professionals". This meme builds on a time-honored meme that comes in vary forms such as "a member of that other ethnic group committed this crime; if we only got rid of all members of that ethnic group then those crimes wouldn't happen"
- tanseydavid 3y ago
  IMHO you're overthinking it. It is as simple as a mismatch in situational awareness. An expert considering the macro side of an economy with 330 million people in it cannot meaningfully tell any one individual that things are good/ok if that individual's situation is growing noticeably worse with the same earnings. No memes are required.
  - ithkuil 3y ago
    That explains why there is a perception that experts are disconnected from the reality. But that doesn't explain how people can think they can just trash all expertise and think the good parts of the world will keep working just fine.
TheOtherHobbes 3y ago
There are plenty of people in the US who can't afford to go to the grocery store at all. https://gitnux.org/food-bank-statistics/ https://gitnux.org/food-bank-statistics/

by ozim 3y ago

ithkuil 3y ago

This sentiment taps in a generic meme that has infected society of late. Starting from the fact that many professionals made many mistakes over time, the meme trips you into concluding that if there were no people in that category of "professionals" , then these mistakes wouldn't be made and somehow society would just work "correctly" if it wasn't for those pesky "professionals". This meme builds on a time-honored meme that comes in vary forms such as "a member of that other ethnic group committed this crime; if we only got rid of all members of that ethnic group then those crimes wouldn't happen"

tanseydavid 3y ago
IMHO you're overthinking it. It is as simple as a mismatch in situational awareness. An expert considering the macro side of an economy with 330 million people in it cannot meaningfully tell any one individual that things are good/ok if that individual's situation is growing noticeably worse with the same earnings. No memes are required.
- ithkuil 3y ago
  That explains why there is a perception that experts are disconnected from the reality. But that doesn't explain how people can think they can just trash all expertise and think the good parts of the world will keep working just fine.

TheOtherHobbes 3y ago

There are plenty of people in the US who can't afford to go to the grocery store at all. https://gitnux.org/food-bank-statistics/ https://gitnux.org/food-bank-statistics/