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The criticism is largely of the system. The mechanism by which capitalism can improve society is by having pay be a incentive to create things that improve soci

The criticism is largely of the system. The mechanism by which capitalism can improve society is by having pay be a incentive to create things that improve society, which people will then choose to purchase. When the incentive instead rewards "how much money can you extract from others without improving their lives at all" we've headed in a very dangerous direction. You get the "we can make more money by making our product more aggravating" motivation that leads to dark patterns and all sorts of problems. This sort of market manipulation stuff is just a very clear example of this pattern. Smart people not building useful products but instead fighting to crank a machine so that it spits more money in their direction.

mistrial9 1y ago
> Smart people not building useful products worse, those are the active smart people doing that.. for each one of them there are a hundred others trying to do everything and anything to become one of those.. its a pyramid. The competition between individuals is a feature. You bet it is on the lips of every one of those individuals their "top" credentials that sit them in that trading seat. In other words, for every quant geek on that trading group, there are a thousand other "almost top" people using their time, talent and effort to try to be one of those inner circle ones.