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A microcosm of what is wrong with our financial system. The growth of real value, in terms of goods produced, materials harvested, and knowledge created has ab
by DannoHung 18y ago
A microcosm of what is wrong with our financial system.
The growth of real value, in terms of goods produced, materials harvested, and knowledge created has absolutely no correlation or bearing upon the systems that get to determine the distribution of capital above a strictly consumer level. Thus, investments are made illusory, despite them being closer to actual growth in value, and trading, for no other purpose than to collect fees, becomes the primary activity. Any player not large enough to collect fees is funneled into a loser's game.
Were we all not caged within the giants' houses, I would say the only sane course would be for everyone to take their ball, go home, and let the behemoths feast upon each other until they starve; go to a barter system, let the markets burn. Rebuild them such that anyone that does become too successful must fall, as opposed to not being allowed to fail.