Greentext

greentext@sh.itjust.works

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Early_To_Risa@sh.itjust.works

Annon uses arbitrage to profit off market inefficiancies (thelemmy.club)

submitted 5 months ago by InternetCitizen2@lemmy.world to c/greentext@sh.itjust.works

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[–] yakko@feddit.uk 3 points 5 months ago (1 child)

They say the purpose of a system is what it does, and mainly what 'the market' does is transfer wealth upwards.

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[–] LH0ezVT@sh.itjust.works 1 point 5 months ago

That is the main purpose behind modern neoliberal turbocapitalist bullshit, yes. Explicitly designed to concentrate wealth.

The intended purpose of market economy is to optimise production. It's a shame that it works only in very limited circumstances with heavy regulation, and only for as long as the ones participating in the market do not influence the regulation.

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