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>The core purpose of status quo finance is to coax people into accepting risks that they would not, if fully informed, consent to bear.

That is a pretty loaded statement. That would be like saying the core purpose of the software industry is to destroy jobs and in turn collect part of the salary that those jobs previously paid. It might technically be true, but it is twisting things to make them sound intentionally evil.

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But it's actually true. I've personally had the experience (as a freelancer) of watching people that I had just recently met be laid off because of what I was being generously paid to do. I did not like it.

I could at least comfort myself by the fact that what I was doing was actually useful (and creating efficiencies that destroyed jobs), whereas concealing risk is actively deceitful and destructive.

According to the article though, this deceitfulness is actually good, not destructive. It puts us into a more productive Nash equilibrium than we'd be if we each individually assessed the risk of our single investment and said "na, too risky".

Efficiency is therefore deliberately harmful, except when in the form of a paycheck, QED.

Well done, good luck.

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