Wealth extraction mechanisms in finance are actually simple, not sophisticated
Evidence
Financial jargon is needlessly complicated, so I’ve written the book in an accessible, explanatory tone, with key terms defined in the text and in the glossary, for easy reference. … It is my belief that the financial sector is not nearly as sophisticated, necessary, or beneficial as it would have us believe; the mechanisms of wealth extraction are actually quite simple, and a healthy dose of disrespect is well earned. — Andrew deWaard, Derivative Media, 47
Categorization
Category: Contrarian or Surprising Claims
Related
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