Re:GameStop Is Rage Against the Financial Machine
by unFou on Wednesday January 27, 2021 @07:57PM
(#25936650)
Interestingly enough, a quick google search shows US farms contribute 136 billion, or about 0.6% of GDP. So, more like 1 farmer to 19 investors?
Re:GameStop Is Rage Against the Financial Machine
by ineptech on Wednesday January 27, 2021 @10:12PM
(#25937678)
Measured how? I would argue that some of the finance industry contributes to GDP (e.g. derivatives that facilitate some kind of real capital investment that wouldn't have happened without them), but John Q. Billionaire shorting a stock because he thinks it will go down does not.
Objectively, that's not true. The finance industry is under 10% of GDP and under 5% of jobs.