Biotech Values

[poorgradstudent]

OT: Compensation

A small minority of people are now lamenting the supposed death of capitalism, purportedly at the hands of an administration that hates the concept.

The real irony of the situation is that capitalism is crushing itself. The progress of capitalism has completely dislocated the concepts of compensation and profit from innovation and production. I won't even bother opining on the obscene compensation of the Pepsi and Cheetos CEO, because arguing that you need to be innovative to sell junk food to bovine America should be difficult to do for any sane person.

I'm now curious as to how hard our society is going to protect "banks" like JP Morgan and Goldman Sachs who make hundreds of millions (and billions) every year through high frequency trading and other automated methods of churning stock. Maybe one day someone can explain to me how making money by trading 100K shares of GE for 0.25 cents per share profit in 18 seconds adds to "production."