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0 pointsandrepd4y ago0 comments

The financial services industry is focused on helping those with the most wealth accumulate even more wealth. You can try to spin this any way you'd like, but this is their raison d'être, it's the business they're in. Don't try to pretend they're actually helping us all, especially after 2008 has revealed their true nature to the wider public.

All you're saying would be correct if we had a sane system of property rights, (which we don't); then finance would be truly benefiting everyone. But that's not the world we live in.

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lmm4y ago

> The financial services industry is focused on helping those with the most wealth accumulate even more wealth.

Every business is focused on making money, and that usually means serving the people with the most money because, well, they have the most money.

> Don't try to pretend they're actually helping us all, especially after 2008 has revealed their true nature to the wider public.

2008, where it became clear that the banks had screwed over their wealthy investors (and each other) to help chumps get mortgages they couldn't afford? How does that show what you're claiming it shows?

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