Is this fucking capitalism?

Bernhard 2022-11-19 01:20:05

A story about selling lies, so the question is when you know that there will be a great risk, and the main bearer of the risk is the bottom people who have nothing to do with you, will you still do it?

Well, to most people, this doesn't seem like a problem... Studied financial math the other day, and the complicated calculations were interesting to me, like I was learning something to make myself smarter, and after reading this Later, it was discovered that profits were never generated out of thin air, but were made by ordinary people in various industries with their hard-earned money, knowing or not knowing (being deceived). When the risk finally emerges, high-level people can get out of the way. When they smell the risk early, they can quickly sell their owner's equity. It's a big deal to consult the industry or write rainbow farts. Those who are dragged down and affected will always be The people at the bottom really know how to change their fate. They know very well that eggs should not be put in one basket, right?

But what about the rest? People who are more and more difficult to get higher education, people who can't afford high tuition fees, will always be farther and farther away from the people in the class above their heads, and then there will be a new round of paying for their mistakes... ...

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Extended Reading

Inside Job quotes

  • [last lines]

    Narrator: For decades the American financial system was stable and safe. But then something changed. The financial industry turned its back on society, corrupted our political system and plunged the world economy into crisis. At enormous cost, we've avoided disaster and are recovering. But the men and institutions that caused the crisis are still in power and that needs to change. They will tell us that we need them and that what they do is too complicated for us to understand. They will tell us it won't happen again. They will spend billions fighting reform. It won't be easy. But some things are worth fighting for.

  • David McCormick: [not knowing how to answer the interviewer] Could we... could we turn this off for a second?