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I don't know. I see traders sort of as lawyers, -necessarily neutral. They perform a function, and it's up to us to define the rules that they play by. He does warn people about what he sees.
ProfessorOat · 4805 days ago · link ·
I think a significant portion of the problem comes from a period where the technology greatly outpaced the regulations. They managed to scoop up an unreasonable amount of political and economic power in a relatively short amount of time (~35 years) to ensure that increased regulation and taxes would be met with stiff opposition.
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I agree to an extent. However, the repeal of the Glass Steagall Act in the US did a lot to bring more money into these new market mechanisms. If we didn't have banks trading, a lack of adaptation of regulations to these new technologies might not have had such consequences. It's as if they got their cake and could eat it too.
The bit about Goldman Sachs ruling the world is true to the extent that the control the flow of cash. We gave that to them.