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Given that it does bring the economy to the brink of collapse every 10 years or so (and requires massive bailouts), I'd say there's more wrong with the finance
by danenania 12y ago
Given that it does bring the economy to the brink of collapse every 10 years or so (and requires massive bailouts), I'd say there's more wrong with the finance industry than a little extra fat.
- rayiner 12y agoA 3-4% dip in GDP and a doubling of unemployment is nothing compared to what would happen without a finance industry. It's one of the bedrocks of civilization. If you want a historical perspective, research how England's finance industry was closely linked to its rise as a world power.
- wavefunction 12y agoNo one is saying get rid of finance, just put it back in its cage and hit it with sticks when it gets too uppity.
- snowwrestler 12y agoThis is like saying that there is something "wrong" with computers because they sometimes crash.