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by krimpenrik 2032 days ago
Making (probably) millions you find unproductive?
1 comments

economically unproductive I think is what they meant, you could say society is a lot when their talents are used for gambling vs something like scientific research
What about high-frequency traders?

Profitable, technically challenging, but in a very real sense entirely pointless and contrived.

I meant to add finance as a good example of what I meant, including HFT. basically just saying that while individually people benefit from working in these schemes, the broader economy arguably benefits little to even negatively
HFT isn't my cup of tea, but the rise of HFT has certainly narrowed spreads and contributed to zero comissions; and I apprechiate those effects.