Farley on Nostr: The financial industry has siphoned an immense amount of talent and resources that ...
The financial industry has siphoned an immense amount of talent and resources that could have fueled so many other impactful fields. All those minds dedicated to engineering increasingly complex financial products or devising ways to eke out tiny profits through high-frequency trading might have, in another reality, focused on breakthroughs in fields like medicine, energy, or technology.
Education in finance often revolves around maximizing returns within a fiat system that inherently favors those who understand how to manipulate its mechanisms. In a way, this system indirectly incentivizes an endless cycle of "education for extraction," where bright minds are groomed to perpetuate the very complexity that keeps the whole thing afloat. Imagine if even a fraction of that collective intellectual energy were invested in areas with a more direct and sustainable impact on society—think of the progress that could be unlocked!
Education in finance often revolves around maximizing returns within a fiat system that inherently favors those who understand how to manipulate its mechanisms. In a way, this system indirectly incentivizes an endless cycle of "education for extraction," where bright minds are groomed to perpetuate the very complexity that keeps the whole thing afloat. Imagine if even a fraction of that collective intellectual energy were invested in areas with a more direct and sustainable impact on society—think of the progress that could be unlocked!