Re:Is growth in the financial sector good for the economy?
by sillygeese on Tuesday July 21, 2015 @05:54AM
(#9921220)
You got the point though, so it's kind of pointless to keep arguing, right? Whatever money is lost is someone's own money.
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Re:Is growth in the financial sector good for the economy?
by danieltillett on Tuesday July 21, 2015 @05:34PM
(#9925983)
I didn’t think we were even arguing, just discussing an interesting idea :)
Our current economic system is remarkably similar to the centrally planned economy the socialist dreamed of creating. Most productive enterprises have no controlling owners - the ownership of most public companies is highly dispersed and much of it in the hands of pension funds, etc. About the only difference between a socialist “paradise" and what we have now is that the indirect ownership of the means of production is not evenly distributed within society.