this post was submitted on 20 Aug 2023
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Lemmy might, MIGHT have a small bias towards the left (lemm.ee)
submitted 1 year ago by [email protected] to c/[email protected]
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[–] [email protected] 4 points 1 year ago* (last edited 1 year ago)

Markets don’t “create wealth”. People’s work creates wealth. Banks don’t create wealth, they create debt and allow more money to go into circulation than actually exists.

I think the world would make a giant leap forward if we could all agree on this. Sad thing is that finance basically exist to muddy the waters of what value is. (EDITED, incorrect formating)