Re:SpaceX Punched a Hole in the Ionosphere
by fennecfoxy on Tuesday August 01, 2023 @09:47AM
(#36955888)
Idk I think technological progress/humanity would do a lot better in general without the parasitic effects of people making the markets/trading their "job".
If someone writes some software, or grows some food, or balances some accounts, or paints a wall, they are all being endlessly more productive than someone who buys on a low and sells on a high and pockets the difference all within 100ms.
Investment means support and confidence in a venture or resource. I think a lot of the financial industry's problems arise from the switch from "investment in business x because I like what they're doing and am confident they'll succeed" to the mantra of "investment in business x because I don't actually care about the company but the stock history tells me I can make a quick buck". Market stability is a thing of the past, no wonder we're constantly on the edge of a recession.
If someone writes some software, or grows some food, or balances some accounts, or paints a wall, they are all being endlessly more productive than someone who buys on a low and sells on a high and pockets the difference all within 100ms.
Investment means support and confidence in a venture or resource. I think a lot of the financial industry's problems arise from the switch from "investment in business x because I like what they're doing and am confident they'll succeed" to the mantra of "investment in business x because I don't actually care about the company but the stock history tells me I can make a quick buck". Market stability is a thing of the past, no wonder we're constantly on the edge of a recession.