Photocredit: Ahmahd Nawawi
The human race has come a long way from the life of hunting and gathering. Today, capital can flow around the world in a matter of seconds, enabling us to put money to use where it matters the most. The increasing importance of the financial sector is apparent: financial transactions make up more than 90 percent of the total value of transactions worldwide every day. Trade is also speeding up due to the introduction of trading robots. But does the financial sector generate any real value? Are certain instruments created only to benefit short-term interests of a select few? What can we learn from the recent financial crisis?