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NickCJ in reply to @itsbruce

Finance used to be seen as an enabler of wealth creation, not the be-all and end-all

It’s one of the few things we export that we have a true competitive advantage in. If you want to pivot an economy away from that you need a pretty good idea of what will replace it… nobody does.

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NotThamesWater in reply to @NickCJ

How much does it benefit the actual people of that economy though.

Bottom line GDP is all well and good, but not if it's all concentrated at one en d of the curve.

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NickCJ in reply to @NotThamesWater

How much does it benefit the actual people of that economy though.

Pace MMT arguments it funds public services, at least. And in an economy where most paths to traditional middle class comfort have been hollowed out it allows some grads to escape.

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