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by dasil003 105 days ago
It's also a function of young ambitious people just following the money over time. Finance has grown and grown and grown because it's the easiest place to skim the cream. Combine that with the fact that it's transferable from company to company and it's clear why the trend. Obviously the only innovation these people are capable of is financial innovation (repackaging derivatives, ever-more-convoluted deal structures to snow people, etc), but that doesn't much matter as long as there is a sufficient base of enough new companies with actual innovations sprouting up that it provides enough grist for the finance mill.