I'm constantly telling people that the economics of the modern world is increasingly nonsensical, but as usual @pluralistic explains it so much better: 97% of "the biggest business in the world" contributes *nothing* to the real economy, and yet "where...

[bigpumpkin@mastodon.social]

I'm constantly telling people that the economics of the modern world is increasingly nonsensical, but as usual @pluralistic explains it so much better: 97% of "the biggest business in the world" contributes *nothing* to the real economy, and yet "where the real economy generates $105 trillion/year, the financial derivatives market adds up to $667 trillion/year." Making 'money' out of gambling about the future value of 'money'. https://pluralistic.net/2025/12/18/self-licking-ice-cream-cone/#job-creators