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by JustRick 6090 days ago
When I hear this sentiment, about this particular topic, or many others, I'm always reminded of Aikido http://en.wikipedia.org/wiki/Aikido

"Aikido is performed by blending with the motion of the attacker and redirecting the force of the attack rather than opposing it head-on"

Rather than lamenting Wall Street's unproductive money games and doing nothing about it, we could embrace the fact that these tools exist in the current economic climate and we could use these tools to generate the capital we need to further the goals of more productive pursuits.

Maybe VCs like Fred Wilson who have both financial leverage and disdain for shenanigans (technical term) could use capital generated by playing Wall Str's funds shuffling game to build meaningful companies who create things and create a more sustainable and entrepreneurial base on which to build an economy.

Use this tool against itself.

No? Naive?