Yes, and my comment was about the idea that these billionaires are often man-made, the population that funnels wealth to them could instead, in the first place, funnel wealth to the causes they ostensibly want the billionaires to support, cutting out the middleman. But very few people actually want world peace or a child in the third world getting a meal, as opposed to say, another can of coke or to stay home and get Doordash.
> This is usually how a prospering and successful civilisation works. You develop a justice system, laws and regulations so people don't smash their heads until their families are extinguished for example.
Agreed. It's par for the course and not necessarily evil. But worth being aware of the hypocrisy of deciding what "right" is, for others.
> @Edit I hope you saw the whole movie because dumping assets they know are nearly worthless on its own clients and counterparties before they find ou is not "giving people what they want". It works only because the buyers don’t know what they are buying.
Are you equating algorithms to fraud? That doesn't seem quite right.