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Comment by justherefortart | Hacker News Reader

Oh no, poor finance jerkoffs got ripped off by their own cleverness.

Nothing says dbag like Alabama man who now lives in Connecticut crying over dead asshole financial firms.

We've had 4 (or more) of these banking/finance ripoffs in my fucking lifetime. Bankers and finance assholes are the scourge of mankind.

I got a degree in Finance just so I could avoid the bullshit these fucking assholes use to rip everyone off. A State Bank as the author is so scared of, like the one in North Dakota, won't run into any of these issues. Because their goal isn't profit at any cost, it's providing banking and investment services.

tl;dr; fuck this guy

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A local commercial bank and a New York investment bank are really different things. The financial industry has caused some large problems, but it's also a big part of why the modern world works as well as it does. I don't think you're being charitable in your criticism of the article.

The modern world works well for whom?

Laughable.

When would you rather be alive? There are tons of problems with the world today and many that we can fix but aren't. But the idea that things are worse now than before is just not true.

I'm a white guy in American born to two college educated parents.

My life isn't representative of everyone on this planet. I won the birth lottery.

I'll pick the future, since it's a futile exercise.

The idea that our measurement of progress only needs to be binary (did we or didn't we progress?) shows indifference to the endless problems yet unsolved. Better than yesteryear doesn't mean good enough. Far from it.

I don't view progress as binary. That some things are worse now than in the past is a banal and uninteresting point, but it's clear that the world is much better now than it was even 50 years ago for the average person by virtually any metric that matters: number of people living in poverty, childhood mortality, life expectancy, chances of being persecuted for your religion, race, or sexual orientation. The list goes on.

There are obviously tons of problems still but the improvements that have been made are vast. I get that we still have a lot of progress to make, but the cynicism of the person I was replying to is inappropriate when you look at the facts.

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