← Back to context

Comment by timacles

3 hours ago

They do it because, In the words of Gordon Gecko, they can.

To them, theres a never ending line of hungry vultures right behind them, and if they do not do it, someone will take their place and do it and profit from it. So naturally they MUST do it, because it will inevitably be done also.

> What is it that these financial frameworks actually do that helps anyone?

They are supposed to clean out inefficiencies in economies. They theoretically expose weakness and exploit it, so it can be rebuilt stronger.

Its hard to argue against the premise - In a true capitalistic system. The problem is, the good old USA is a crony capitalistic system, and the politicians are for sale. When private equity can simply erode your business structure with policy, and then buy you out. It is not real capitalism.

At the end of the day, capitalism is the best system we have. The problem is the corruption of man, until we patch that bug, its going to keep causing these exploitable buffer overflows. Unfortunately, the code is in our limbic system, which is really old legacy code