this post was submitted on 20 Aug 2023

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[–] GuilhermePelayo@slrpnk.net 3 points 1 year ago* (last edited 1 year ago)

Markets don’t “create wealth”. People’s work creates wealth. Banks don’t create wealth, they create debt and allow more money to go into circulation than actually exists.

I think the world would make a giant leap forward if we could all agree on this. Sad thing is that finance basically exist to muddy the waters of what value is. (EDITED, incorrect formating)