In addition to the dangers you identify, regular investments produce some benefits for the country, such as founding or expanding a business, but these bets make no contribution to the economic system but are purely extractive. The only positive benefit may be to the traders’ bonuses if they win, and the negative is to the bank assets if they lose.
It was allowing the traders (banks) to bet with a hedge funds on the US housing market that led to the near meltdown of the financial system in 2008.
Not enough educated voters understand this aspect of the financial system to appreciate what you are warning about.
In addition to the dangers you identify, regular investments produce some benefits for the country, such as founding or expanding a business, but these bets make no contribution to the economic system but are purely extractive. The only positive benefit may be to the traders’ bonuses if they win, and the negative is to the bank assets if they lose.
It was allowing the traders (banks) to bet with a hedge funds on the US housing market that led to the near meltdown of the financial system in 2008.
Not enough educated voters understand this aspect of the financial system to appreciate what you are warning about.