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This ongoing concentration of wealth is going to turn into a huge problem. 4.2 billion in profit in 42 days is just nuts. That sum could keep 100.000 "regular"
by moe 17y ago
This ongoing concentration of wealth is going to turn into a huge problem.
4.2 billion in profit in 42 days is just nuts.
That sum could keep 100.000 "regular" people afloat for a full year.
- deleted 17y ago[deleted]
- jacoblyles 17y agoI'm not sure I understand what you're saying, as less than 5% of Goldman shares are owned by insiders. Perhaps you mean to argue that no large-scale businesses should exist in a healthy economy. If so, could you provide an argument?
- mistermann 17y agoThey are taking a larger and larger portion of overall GDP, while performing a function of dubious value to the society in which they operate (many would say they have negative value). Banks provide a utility to society, or I should so, they should provide a utility, that of liquidity. Their speculation does no good for society, and should not be funded by society, which it is.
- wolfish 17y agoSpeculation provides liquidity.