I often see in HN comments about how trading and Wall St in general is evil
Trading is one of the least evil things that goes on on Wall Street. Starting wars for profit (e.g., Blackwater) and buying additional houses as investments (as private equity firms do) and making massive job cuts while posting record profits, are all evil. I loathe capitalism but I agree that quants and traders are some of the least compromised people, whereas “change the world” techies and now techzis are the worst. Traders are, as you said, honest about their motivations.
Ultimately there is no ethical production or consumption in a system as rotten as ours, and everyone has to make a choice. Graveyards are full of moral people, and country clubs are full of humanity’s absolute worst. And if one has children, the argument can be made that failing to provide for them is ethically worse than taking a job within capitalism so long as one isn’t directly harming anyone.
Trading between members of our species is part of what puts humans on top; it's another form of collaboration and some other species do it to a degree, but nowhere near the level that we do.
But the evolution from trading x for y to trading x for y governed by z ie introducing fiat currency is the issue.
Lightning trades and trading in general that produces nothing of value is the issue. It goes deeper, with the wealthy able to lobby and keep tax havens legal but I don't expect anything to change so why say anything more on it.
Trading is one of the least evil things that goes on on Wall Street. Starting wars for profit (e.g., Blackwater) and buying additional houses as investments (as private equity firms do) and making massive job cuts while posting record profits, are all evil. I loathe capitalism but I agree that quants and traders are some of the least compromised people, whereas “change the world” techies and now techzis are the worst. Traders are, as you said, honest about their motivations.
Ultimately there is no ethical production or consumption in a system as rotten as ours, and everyone has to make a choice. Graveyards are full of moral people, and country clubs are full of humanity’s absolute worst. And if one has children, the argument can be made that failing to provide for them is ethically worse than taking a job within capitalism so long as one isn’t directly harming anyone.