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by ephbit 1463 days ago
> As you sit down and type from a device created very much by the financial engineering “complications” of the modern market ...

That's a ridiculous claim.

As if the development of complex technical devices wouldn't have happened without complex financial markets and inscrutable financial business models.

Complexity in finance .. up to a certain degree it may well serve the purposes of society .. beyond some level though, excessive complexity mostly serves few big players who can manage and understand the complexity and gain an advantage over other actors with less resources (that'd be most of the rest of society).

1 comments

I like your confidence. I happen to agree with the second part while I don’t want to explain the first part. See my other comments for nuance.