Welcome again to everybody! Make yourself at home. Ho ho ho. In the time-honoured tradition of our group, here is our weekly discussion thread!
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Short reading list for new MLs here. To find theory, try z-lib, libgen, or Sci-Hub (for scientific articles). If an article is unavailable, try the Wayback Machine.
I’ve come to the conclusion that every single finance service business is a fucking scam. They basically pool the money of their clients and double it through the ‘magic of compound interests’.
That’s the fun part of financial capital. They are allowed to essentially conjure money out of thin air, which can then be used to acquire actual commodities
And conjuring money out of thin air counts as economic activity, so their GDP and revenue figures still look decent every year.
The whole system is a huge ponzi scheme. It’s illegal for us to do it though.
Also the fact that everything is debt and financing is concerning because it means this huge scheme is based on nothing.
Finance is where I would start in a purge of “bullshit jobs” which contribute nothing to society. That and management consulting.