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You're being very unspecific about who these "speculators" are, and lumping a huge group of people and companies into one bucket. Saying that the financial sec
by bornhuetter 14y ago
You're being very unspecific about who these "speculators" are, and lumping a huge group of people and companies into one bucket.
Saying that the financial sector provides no benefits to society is ill-judged, but saying that everyone should be absolved of wrong-doing just because the sector as a whole provides some benefit is equally ill-judged.
- crusso 14y ago> You're being very unspecific about who these "speculators" are, and lumping a huge group of people and companies into one bucket. Generalizing the evil "speculators" without calling out specific sub-groups or behaviors was exactly what the OP did and why I was pointing out the reason we tolerate and encourage speculation in the first place. >but saying that everyone should be absolved of wrong-doing just because the sector as a whole provides some benefit is equally ill-judged. I certainly didn't say that or even mean to imply it if that's how you read it.