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<blockquote style="position: relative; padding-left: 55px;"><section><a href="https://graeber.social/users/DGI/statuses/114021237235785133">David Graeber Institute (dgi@graeber.social)'s status on Saturday, 22-Feb-2025 12:13:57 JST</a><a href="https://graeber.social/@DGI" title="dgi@graeber.social"><img src="https://gnusocial.jp/theme/gnusocialjp/default-avatar-stream.png" width="48" height="48" alt="David Graeber Institute" style="position: absolute; left: 0; top: 0;">David Graeber Institute</a></section><article><p>"CEOs and financial consultants that are actually making other people’s lives worse were paid millions, while people fulfilling  obviously useful functions like taking care of the sick, teaching children or picking vegetables were the least rewarded."</p></article><footer><a rel="bookmark" href="https://gnusocial.jp/conversation/4609611#notice-9024144">In conversation</a><time datetime="2025-02-22T12:13:57+09:00" title="Saturday, 22-Feb-2025 12:13:57 JST">about 2 months ago</time> <span>from <span><a href="https://graeber.social/@DGI/114021237235785133" rel="external" title="Sent from graeber.social via ActivityPub">graeber.social</a></span></span><a href="https://graeber.social/@DGI/114021237235785133">permalink</a><h4>Attachments</h4><ol><li><label><a rel="external" href="https://gnusocial.jp/attachment/4180510">
I think the spotlight on the financial sector did make apparent just how 
bizarrely skewed our economy is in terms of who gets rewarded and 
for what. There was this pall of mystification cast over everything 
pertaining to that sector, we were told, this is all so very complicated, 
you couldn’t possibly understand, it’s really very advanced science, 
you know, they are coming up with trading programs so complicated 
only astro-physicists can understand them, that sort of thing. We just 
had to take their word that, somehow, this was creating value in 
ways our simple little heads couldn’t possibly get around. 
.
Then after the crash we realized a lot of this stuff was not just scams, 
but pretty simple-minded scams, like taking bets you couldn’t possibly 
pay if you lost and just figuring the government would bail you out if you 
did. These guys weren’t creating value of any kind. They were making 
the world worse and getting paid insane amounts of money for it.
.
  - David Graeber</a></label><br><a href="https://cdn.masto.host/graebersocial/media_attachments/files/114/021/235/702/594/917/original/a689f41f1c8e7886.png" rel="external">https://cdn.masto.host/graebersocial/media_attachments/files/114/021/235/702/594/917/original/a689f41f1c8e7886.png</a></li></ol></footer></blockquote>

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David Graeber Institute (dgi@graeber.social)'s status on Saturday, 22-Feb-2025 12:13:57 JST David Graeber Institute
"CEOs and financial consultants that are actually making other people’s lives worse were paid millions, while people fulfilling obviously useful functions like taking care of the sick, teaching children or picking vegetables were the least rewarded."
In conversationabout 2 months ago from graeber.socialpermalink
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1. I think the spotlight on the financial sector did make apparent just how bizarrely skewed our economy is in terms of who gets rewarded and for what. There was this pall of mystification cast over everything pertaining to that sector, we were told, this is all so very complicated, you couldn’t possibly understand, it’s really very advanced science, you know, they are coming up with trading programs so complicated only astro-physicists can understand them, that sort of thing. We just had to take their word that, somehow, this was creating value in ways our simple little heads couldn’t possibly get around. . Then after the crash we realized a lot of this stuff was not just scams, but pretty simple-minded scams, like taking bets you couldn’t possibly pay if you lost and just figuring the government would bail you out if you did. These guys weren’t creating value of any kind. They were making the world worse and getting paid insane amounts of money for it. . - David Graeber
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