Yes, I think the size of the financial sector is a problem. They don't create value, just shuffle it around. They don't build things, or grow food, or keep people healthy and heal the sick. They're only useful in a hyperspecialized way in a hyperdeveloped civilization. And if they outweigh the people whose work is indispensable ... something is going to go smash, sooner or later.
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dancing_serpent
Re: Ponzi schemes
Date: 2009-04-09 06:40 am (UTC)