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To me it is just proof that modern capitalist markets are inherently flawed in serious ways that nobody wants to admit. Everyone goes on and on about market eff
by AngryData 6mo ago
To me it is just proof that modern capitalist markets are inherently flawed in serious ways that nobody wants to admit. Everyone goes on and on about market efficiency and liquidity and capitalism doing some sort of self-balancing act, but it repeatedly fails over and over again on both individual and larger group scales. It just seems closer and closer to simple gambling, using the wealth and capital of large masses of society, but with the potential winnings mostly just going to a small few.