Here's an open secret: the confusing jargon of finance is not the product of some inherent complexity that requires a whole new vocabulary. Rather, finance-talk is all obfuscation, because if we called finance tactics by their plain-language names, it would be obvious that the sector exists to defraud the public and loot the real economy.
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Economics is basically astrology for the rich.
No, stocks are poker chips at a casino they own.
@_chris_real @pluralistic there's actually 2 kinds of economics, and just like with the astrology/astronomy divide they are completely different beasts.
Unfortunately there isn't a separate name for the woo-woo kind of economics, so it's *really* hard to separate them out for purposes of discussion
If you're trying to create a good/bad economics dichotomy, I would strongly disagree. 'Scientific economics' is merely statistical survey with pretentions.
Cory Doctorow
Chris Real
Scissors Cut Paper...
Random Damage 🌻