Quote:
Originally Posted by SaintessHeart
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My gut says very little. It doesn't produce any material goods, nor does it produce information that people find "enjoyable" (like the media or newspapers), but rather sells the ambiguous idea of making money "bigger".
It does have a role in making money efficient, but my gut would tell me that if the economy is running efficiently it's proportion would be quite small, as it's more efficient to have money in actually producing goods, then in "lending" to produce goods.
Likewise, we have much of the world's top talent which in essence "produces nothing". Instead of building the next great car, they're trading obscure financial instruments. Too many managers, too few producers.
Though, I'll admit that my understanding is limited.