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popcorn
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Replying to Avatar Lyn Alden

Since the finance sector of the economy (investing, lending, payment processing, etc) just enables other things we more directly care about, the more efficient it is the smaller share of economic activity it should be.

Ideally the financial sector should be a half or a quarter of its current share of GDP. It should slip into the background.

The financialization of everything is largely attributable to bad money and bad structural incentives.

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popcorn 1y ago

I think about this when I am in major metros and all of the largest building are used for Banks.

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