Do you have a dumb question that you're kind of embarrassed to ask in the main thread? Is there something you're just not sure about?
This is your opportunity to ask questions. No question too simple or too silly.
Culture war topics are accepted, and proposals for a better intro post are appreciated.
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Notes -
There's modest consensus around here that Vivek & Elon firing half of the government would be a good thing, and that most of those workers are largely vestigial parasites/culture warriors who don't productively contribute to society.
What would the practical effects be of Trump pulling a Xi and dropping the hammer of god on wall street and hedge funds, HFT outfits, etc.? Say you can keep venture capital and bank loans to businesses and all the other stuff, but the 'quants' who make a living with options, trading commodities and the like? I'll leave it to someone better versed in that world to carve out precisely what should or shouldn't be banned, or try to convince me that this is a mistake.
The friends I have in that space freely admit that they don't believe that they contribute meaningfully to society. They have advanced degrees in physics, math and CS; wouldn't society be better off pushing them towards engineering, manufacturing, company creation? And redistributing capital from the non-STEM people at these places who contribute nothing of value to society?
I would be all for this. Some amount of financial sophistication is needed to make sure that markets work properly, loans are available etc. but things have long since switched to a place where the vast majority of the work seems to be intra-financial ‘bigger fool’ games where the market is just betting on the market and value isn’t created but shuffled round and disguised. That expertise could be used to produce value instead.
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