I mean, futures have an effective place in capitalist societies; the onion market is rather volatile because onion futures are banned (for hilarious reasons, I might add). The volatility makes is more difficult to run a sustainable onion farming operation.
As for these water futures, while the concept does seem repulsive to me, I don’t really understand how they are responsible for anything here. If water futures were illegal, water suppliers would still be charging a huge markup today. Water companies sold undervalued futures years(?) ago, and they’re the only ones really losing out here. No skin off my back.
(I think that everything I just said is stupid btw. Don’t take this as a defense of the “system”.)
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Talking about a politician who insider-trades her way to tens of millions in gains each year.
The real fix here is to ban speculative trading on anything with either industrial or everyday use (like metals and real estate).
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I mean, futures have an effective place in capitalist societies; the onion market is rather volatile because onion futures are banned (for hilarious reasons, I might add). The volatility makes is more difficult to run a sustainable onion farming operation.
As for these water futures, while the concept does seem repulsive to me, I don’t really understand how they are responsible for anything here. If water futures were illegal, water suppliers would still be charging a huge markup today. Water companies sold undervalued futures years(?) ago, and they’re the only ones really losing out here. No skin off my back.
(I think that everything I just said is stupid btw. Don’t take this as a defense of the “system”.)
I dont think she deserves to be held up as high as you seem to want to, but I agree with the rest of what youre saying.
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eh, I think her rep is overblown, but she’s insecure and responsive enough to not be a complete monster.