i highly recommend the book, but i don't think m my opinion you asked aboutlike, banking. I don't really see the purpose of banking, per say, outside of, like, international trade. It's a claim on future labor or services from others. And especially back when you have like, precious metals as money is the basis of commodity money,. Like wy wol, they just take over the gold mine and just take all the gold. So it's similar like how the grain slave system works, where it's about getting people into the system. You need some kind of mechanism if you want to be able to connect them.
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As a $60 billion a year investment bank engaged in market making and asset management for equities, fixed income, commodity and derivative securities for large institutional clients, Goldman Sachs, having been founded in 1869, is arguably the world’s most recognizable name on Wall Street. Known for attracting some of the best financial talent, it is both respected and feared, in some cases being accused of “ripping their clients off” in the relentless pursuit of profits. Defenders of firms like Goldman Sachs make a big deal about how they’re instrumental in the efficient allocation of (financial) capital, but one could argue the concentration of highly intelligent and motivated individuals operating what amounts to a glorified casino is a gross misallocation of human capital, robbing other critical sectors of talent that would otherwise have gone to engineering real solutions, not financial ones.
