Originally Posted By: Derid
I think what sinij was referring to was the fact that in its proper form, venture capitalists/banks perform a vital service - they basically produce "opportunity".


While my post didn't go into "proper form", above agrees with my point of view. Investment is absolutely necessary for properly functioning economy, but don't confuse it with high-speed trading, hedge funds, naked shorting, derivative markets and number of other "money games" that compromises the system by artificially inserting middle man. This is even before you take into account cronyism and other abuses of political system Derid mentioned. As I said many times before - capitalism is inherently self-corrupting system with concentration of wealth being key corruption vector.

Last edited by sinij; 08/08/12 07:52 PM.
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