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by mcdeltat 12 days ago
Maybe we can keep going to a point where it's so ridiculous that people realise the financial markets are the useless money laundering loop that they actually are
2 comments

The supply of capital is absolutely critical to an industrial economy, even if there's a lot of corruption along the way.
The supply of food is absolutely critical to a human population, even if truckloads of fish are left to rot in the sun outside schools?

The supply of mineral and energy resources is absolutely critical to an industrial economy, even if rivers are polluted to the point they catch fire ala the Cuyahoga River Fire of 1969?

I suspect it's worth the effort to minimise and prosecute the corruption, waste, and harmful externalities.

> The supply of food is absolutely critical to a human population, even if truckloads of fish are left to rot in the sun outside schools?

Well, yes, you can't solve this problem by cutting off the supply of food and then declaring that you've ended waste.

> you can't solve this problem

by doing something I did not suggest. Agreed.

What I did suggest is not putting up with corruption, waste, and toxic externalities "just because".

Capital comes through direct investment and public offerings, not the secondary shares market.
It's bonkers that we have a private company that does things for other private companies being somehow the back-bone of every nation on the planet.....