Keep your eyes on fintech in particular, where technology is used to gin up financial services and, in turn, complex finance used to gin up technology-dependent industries.The issue isn’t simply that money is increasingly digitized and that the total economy increasingly interwoven with high finance. The in-crowd is leveraging language to transform our understanding of capital and accept their premises of profit. These notions and terms have a devastating domino effect for all of us, shaping taxation, regulation, public oversight, investment opportunity, long-term sustainability, and individuals’ exposure to obscure systemic risk. When you don’t understand the terms, how can you even play the game?
Source: latimes.com – Los Angeles Times