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Societies will always succeed for a while and then fail. It is the cycle of life and energy in the economy. There is "value" created by HFTs that is used by HFT
by washedup 13y ago
Societies will always succeed for a while and then fail. It is the cycle of life and energy in the economy. There is "value" created by HFTs that is used by HFTs and their families. It helps them survive and reproduce. This does not mean value is created for society overall, but it certainly makes society more complex. The more complex an ecosystem/economy is, the more likely it will be able to adapt to future environmental changes.
- Peaker 13y agoYou're again using the confused notion of "value". The HFTs are taking value away from others to themselves, not creating new value (at least if we reject the extra liquidity as a positive value). Societies will succeed more or less based on various parameters, one of which is whether they generate value to sustain themselves or not.