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As someone that used to work in this world I find this opinion of “no value” pretty bizarre. There’s a lot of value in efficient markets with high liquidity and
by nvarsj 2y ago
As someone that used to work in this world I find this opinion of “no value” pretty bizarre. There’s a lot of value in efficient markets with high liquidity and low fees, which companies like JS make possible.
- cess11 2y agoThey've only been around for a short while so how could you know? Let's see if they last at least a couple of centuries.
- andrepd 2y agoGreat, better return for capital and more over-financialisation of the economy. It's hardly curing cancer is it?
- nvarsj 2y agoCapitalism is the best system we humans have come up with at this point in civilisation, for all its flaws. It’s largely responsible for the technological, medical, and quality of life advances in the last 150 years. Please tell me a better system that would cure cancer. I don’t think it’s Leninism or its derivatives. You need a macro system that is rich enough to allow for significant investment in medical research.