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@pre@boing.world
2024-06-01 16:43:54

Read Gary Stevenson's book "The Trading Game". Him off of the economics youtube channel who goes on about how inequality will destroy the middle classes and turn society into a new feudalism.
He's pretty cool on economic analysis, and he tells an engaging story too it turns out, about how a poor kid growing up in the shadows of the banks got into a job there and became a millionarie by being the top-ranked trader from the bank, by betting on just that: Society becoming shitter because the rich will own everything and everyone else will have nothing.
The book's more the story of the poor kid becoming the rich trader than economic analysis, so the topic of societal inequality is more backgrounded than preached like on the youtube shows,
It's a good captivating story, and doesn't make me have any sympathy for bankers at all, but the things wrong with the world aren't really the fault of the guys on the trading desks, it's the systems they work for. They don't really understand those sysdtems either in most cases.
#reading #books #garyStevenson #tradingGame