An entity that puts nothing into the host system, but consumes resources from the host to fatten itself is a parasite.
In the case of hedge funds, it’s a zero-sum game. Either you or the counter party lose depending on how the bet goes. In aggregate, society gets nothing, but the cost of the net zero value is high (highly skilled people, taking resources away from other things). It’s profitable but net useless.
In the case of Google Maps, no one has to lose for me to make a journey. It’s profitable and useful.
Saying, ohh but they both operate in a capitalistic system to make money for shareholders is not relevant.
An entity that puts nothing into the host system, but consumes resources from the host to fatten itself is a parasite.
In the case of hedge funds, it’s a zero-sum game. Either you or the counter party lose depending on how the bet goes. In aggregate, society gets nothing, but the cost of the net zero value is high (highly skilled people, taking resources away from other things). It’s profitable but net useless.
In the case of Google Maps, no one has to lose for me to make a journey. It’s profitable and useful.
Saying, ohh but they both operate in a capitalistic system to make money for shareholders is not relevant.
How is that money generated ?