> this isn't stealing from the poor.
It depends on how you look at things I guess.
For instance, when trading in commodities like grain, and deploying a strategy to push the price up over a long time period (whether or not it's a single entity doing so or all traders in unison), people somewhere in the world aren't able to buy that grain and go hungry.
Same with all the foodstuffs. But what about other stuff, metals? What happens if you drive those prices up? Well, again, somewhere in the world some poor chap now cannot afford the metal roof sheet that goes on top of his shed, and he'll sleep under the stars.
I think most if not all finance trading negatively impacts the people that are too poor to even dream about finance trading. When there's a buck to be made in finance, there's always a sucker paying for it. Somewhere along the line that sucker becomes someone who isn't even in the whole financial trading circus, and he'll in the end foot the bill. It must be this way, because the financial industry itself doesn't produce or increase the value of things, it just manipulates the price tags.
It depends on how you look at things I guess.
For instance, when trading in commodities like grain, and deploying a strategy to push the price up over a long time period (whether or not it's a single entity doing so or all traders in unison), people somewhere in the world aren't able to buy that grain and go hungry.
Same with all the foodstuffs. But what about other stuff, metals? What happens if you drive those prices up? Well, again, somewhere in the world some poor chap now cannot afford the metal roof sheet that goes on top of his shed, and he'll sleep under the stars.
I think most if not all finance trading negatively impacts the people that are too poor to even dream about finance trading. When there's a buck to be made in finance, there's always a sucker paying for it. Somewhere along the line that sucker becomes someone who isn't even in the whole financial trading circus, and he'll in the end foot the bill. It must be this way, because the financial industry itself doesn't produce or increase the value of things, it just manipulates the price tags.