Re:Barbarians at the Gateways: High-frequency Trading and Ex...
by jbooth on Thursday October 17, 2013 @12:18PM
(#6566335)
He wasn't admiring the economic situation, he was admiring some truly amazing high-end computer networking.
If HFT produces nothing else (and I generally agree with your economic view of it), at least it'll have financed the next generation of low-latency networking gear.
Re:Barbarians at the Gateways: High-frequency Trading and Ex...
by fractalsea on Thursday October 17, 2013 @06:31PM
(#6568611)
So no one would buy anything if there was no advertising?
Or maybe you are worried they would buy less? In that case, would the world really be a worse place? People only buying what they need...
edit: I guess, I did though.
I can't help to reply to the adwords question - although you can argue that advertising/marketing is soulless, at least it creates real world value. Someone makes a product, someone else buys it. Exchange of goods happens.
Derivatives are uncontrallable in the my humble opinion. Especially if regulated by uber greedy people. And it makes me sad sad when I see the highest skilled people go and put their talent in something that is pretty much useless, apart from making a few, selected people even richer than they are. But I guess, whatever pays the bills.
But that's not why I made my comment. I made my comment, because what I find even more sad, is people going numb to injustice and admiring this situation and the people who are making it possible.