November 15th, 2013 at 09:25 | #6
I’m still waiting for an answer to the question Paul Woolley from the Centre for the Study of Capital Market Dysfunctionality poised before the GFC: if the theory of efficient markets is true (which it obviously isn’t) how are super profits possible in a sector that is supposed to enable efficient transactions and services to the real economy? The answer seems to be that they have totally gamed the system through corrupting politics.
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