alt Hacker NewsWait, so we could end unrealistic consumption in rich countries and get 9% of our economy back to doing something useful? Sounds like a win-win.
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lukas099 • last Friday at 9:39 PM
The economy is not a fixed pie that you can just take slices from one sector and give them to another. Financial services provide liquidity that supports every other sector; getting rid of them would cause contraction in every other sector.
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tjwebbnorfolk • yesterday at 1:48 AM
Yes it's like magic! Let's "JUST STOP OIL" while we're at it. Oh and end world hunger too.
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Yes, and you could go back to agrarian life too! Win-win-win!
The finance industry's ability to teleport value across time and space is a massive boon for quality of life across the world.