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Does the finance industry add value, or just chaos? From crashing economies to turning homes into gambling chips, it’s made billions while leaving us questioning its worth. We unpack its core role—connecting capital to land, labor, and ideas—and how it fueled the Industrial Revolution and consumer credit. But today’s mega-banks, high-frequency trades, and info gaps are sucking value dry, boosting inequality instead. Featuring insights from Rana Foroohar (Financial Times) and Warren Buffett’s casino warning—watch if finance is a tool or a trap!
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The one term missing in this otherwise informative video essay is "extractive". The shift in balance ftom productive to extractive investment practices is the manifestation of the phase transition to rentierism from capitalism.
More on this aspect of modern finance and business orientation please.
really?
Woow
I'm not born… :/
I fell for "ploy…"
"We have Light whoever surrounded."
Digital inaccuraties.
"Cars is a hobby." -how I feel about Finance
Ouch, I fell for Robinhood. :[
All the major religions call charging interest a sin.
interesting
I don't buy the premise that runaway financialization can be dealt with through regulation. The finance industry is massive and powerful enough that they can do regulatory capture on anything we try to throw at them.
I’m only watching this so YouTube doesn’t consider me underage 💔
In short: "It would be more beneficial than harmful if done right. There's no mechanism to make that happen".
Beautiful teaching in the video, congratulations.
All of this because people instead of wanting to improve the problems in society would rather try and become Rich enough to ignore those problems
I hate that finance people are so much wealthier on average than the people actually doing the real labor. Like bro just put the securities in the bag.
Deregulated finance doesn't allocate resources efficiently, it optimizes for maximum short-term gain and extraction.
Tell me you don’t understand economics without saying so
The interview is a great value-add. Would love to see that more often.
Keep up the good work!
How to move money from point a to point b in the most complicated manner to create a valuation that doesn’t really exist
hữu ích
Such timing : got recommended after jane street got banned in india
isnt this channel owned by private equity?
They move debt around so you can buy that car or house that you could never afford without debt…
Its just very corrupted.
why aren’t they called financial engineers? they manipulate money
I have useful finance videos for beginners
3:22 3:30 No it isn't, it's giving out a loan which must be repaid with interest, maybe that should be part of the paradigm of sound lending practices, but it isn't afaik.
it’s great that Capitalisms response to most people being broke was to create imaginary money so they could afford to be alive….
You forgot that all private busines of any larger scale is helped by the finance industry.
Without the finance industry, there would be no computers or internet to make stupid videos on.
Don't click the link to ai
Bingo. Why slush, fake, crony capitalism also buys the legal system and condems anyone complaining as a socialist or worse. Their food is created thru fear creation now dominated by loss if rights, dumbed down education ect. And ultimate greed, while producing nothing.
US economy now are just money is being moved around like casino. The dealer are the bank, retail investor are bottom player and billionaire and investment company in vip room with guaranteed return from bottom player.
you could say that the entire industry is rigged and bottom player is always in the loss.
Also the system absorb too much smart people and de-industrialize whole nation Because playing in casino with guaranteed return are the best industry while factory are high risk business
The problem is not even the speculation. It is the speculatuon with other peoples money. If you win, you win. If you lose you get bailed out
Yes its stupid, finance should enable industry to produce and grow and thus make money from stuff, not from finance itself 👎🏽
https://youtu.be/dsD_VPL7Od0
The other one is politics. And I mean politics as opposed to government. The business of politics has become as bad as a leach on the economy as finance. The politicians have become rent collectors – donate to their reelection funds to get a decision favourable to you. But also the lobbying industry spawned off the back of it, people influencing politicians to vote for their special interest, instead of politicians voting for the only interest that matters – that of their constituents.
9:07 And that's why I call them "professional money shufflers."
Investment bankers are neither investors nor economists, while they have a huge impact on both investing and economy
If it provided no value, it would disappear, at the very least, people believe finance is important and helping them