Wednesday, December 17, 2014

Impact of Finance

I have been following this great multi-part project at The Washington Post on the declining middle class.  The latest piece struck a chord with me.  I lean left - I generally believe people are good, and that many need assistance when times are tough.  Assistance is not only necessary, it is a core component of what makes us human.  Fraud happens, but that should not distract us from helping our fellow neighbor.

I am now in the finance world.  I get more and more exposure each day of the machine that Mr. Tankersley describes in the article above.  So, knowing this, I have a quibble with this article.  It is extremely narrow-minded.  To measure the impact of finance solely by it's contribution to the economy is myopic.  Such an analysis negates all the externalities that occur given the growing investments in finance.

As I marinade on the system that is finance, we are benefiting elsewhere by the development that has occurred over the last few decades.  In particular, I argue that the growth of the internet as a foundational contributor to our economy is directly tied to the learnings, development, and talent cultivated throughout the recent finance evolution as Mr. Tankersley describes.

The metaphor used in the article, that finance is like a plumbing system enabling capital to move from those that have to those that need, is directly akin to how many describe the internet.  The exorbitant growth of the finance system in recent decades has led to new technology discoveries and an emerging talent pool - assets that are rapidly transferring to other industries.

Take data intelligence, for example.  Over the last decade, we have seen hyper growth in the amount of structured data, given the growth of the web and other advancements.  Vast datasets are becoming accessible for analysis in numerous industries, from commerce to education to even government.  Many of the technologies to handle these vast datasets are rooted in finance, as are many of the early people, transferring their knowledge and experience.  And growing the economy...

27 comments:

Unknown said...

I just passed this into a colleague who was doing a little research on that. And he actually bought me lunch because I found it for him smile So let me rephrase that. Check It Out

Yousufzai said...

of course breast cancer is avoidable, all you need is early detection and proper medical care’ California refinance rates

jennifer said...

This is one of the most important blogs that I have seen, keep it up! sherry treppa

Thomas Joe said...

Is this a blog series? If not, it should be. I would love to read the next installment on this subject.
click here

sandeep saxena said...

I like this. because I noted many important points from this article. Please update more like this.
Manual Testing Training in Chennai
Manual Testing course in Chennai
Manual Testing Training in Velachery
Mobile Testing Training in Chennai
mobile testing course in chennai
Drupal Training in Chennai
Photoshop Classes in Chennai
Manual Testing Training in Chennai

sandeep saxena said...
This comment has been removed by the author.
DFC SEO said...

I am incapable of reading articles online very often, but I’m happy I did today. It is very well written, and your points are well-expressed. I request you warmly, please, don’t ever stop writing. financial news for today

Rumi said...

Going online for your application, ensures that you do not have to put yourself in this position. Online Loans usually have low limits on the amount of money you can borrow, which might prevent you from taking on more than you can handle financially.

long term poor credit loans

sultana said...

Great Blog!!! Was an interesting blog with a clear concept. And will surely help many to update them.
Salesforce Training in Chennai
Salesforce Training
ccna Training in Chennai
PHP Training in Chennai
ReactJS Training in Chennai
ui ux design course in chennai
Angularjs Training in Chennai
web designing training in chennai
Tally Course in Chennai

Digital Marketing Central said...

This is an excellent post I seen thanks to share it. It is really what I wanted to see hope in future you will continue for sharing such a excellent post. Digital Marketing Central

Anonymous said...

Banking Technology Magazine is one of the best printed banking technology magazine which features the latest technology trends and applications used in the banking industry. It unfolds the technological advancements with the help of insights from proficient CIOs, CXOs and banking technologists.

Zeroplusfinance said...

Well, it’s a nice one, I have been looking for. Thanks for sharing such informative stuff.
Zero Plus Finance

Experties said...

If you meet Joeeun Ticket, the best reassurance company in Korea, you will feel comfortable and fast so that you can not trade with other companies. 소액결제현금화

Frank Davis said...

Has anyone been able to find out which is the best service among those listed here? SEO for HVAC Mechanics

olivermir said...

You have done a great job on this article. It’s very readable and highly intelligent. You have even managed to make it understandable and easy to read. You have some real writing talent. Thank you. Post-merger Integration

AK Blogger said...

The bit of leeway is you get everything of the deal when contrasted with subsidiary projects.make money online

Chris Hemsworth said...


The article is so informative. This is more helpful for our
best software testing training in chennai
best software testing training institute in chennai with placement
software testing training
courses

software testing training and placement
software testing training online
software testing class
software testing classes in chennai
best software testing courses in chennai
automation testing courses in chennai
Thanks for sharing.

Canadian Professor said...

Has anyone sampled the various service mentioned here, and can they tell which one is the best?Vanier Canada Graduate Scholarship

plutusfinancialguidance said...
This comment has been removed by the author.
sudhan said...


Very interesting to read this article.I would like to thank you for the efforts you had made for writing this awesome article. This article inspired me to read more. keep it up.
Cyber Security Training Course in Chennai | Certification | Cyber Security Online Training Course | Ethical Hacking Training Course in Chennai | Certification | Ethical Hacking Online Training Course | CCNA Training Course in Chennai | Certification | CCNA Online Training Course | RPA Robotic Process Automation Training Course in Chennai | Certification | RPA Training Course Chennai | SEO Training in Chennai | Certification | SEO Online Training Course

best said...

Before entering it you receive all the needed information concerning studying with true details. You are offered several best universities and educational institutions in design. You are welcome to make a comparative analysis of them and choose an institution that would suit you best. Gold Coast interior designers

Ziarulunirea.ro said...

[no anchor text]
http://www.happierit.com
http://www.happierit.com
http://www.happierit.com
http://www.happierit.com
http://scottish government topics
http://scottish Government Topics
yaando.com

Back linker said...

ESET NOD32 Antivirus provides essential defence against malware with the legendary ESET NOD32 engine at its core. Eset Nod32 Cracked Download

The Blogger Worlds said...

SketchUp Pro Crack is a 3D plan programming that permits you to draw outlines, 3D items, computer games, and other plan objects. Sketchup Pro Serials

Silent Girl said...

Compares to having your own sister. A relation and somebody with whom you’ll share your childhood recollections and life experiences. somebody with whom you’ll laugh, weep, and continually trust. Sisters Day Quotes

Darren Demers said...

I am now in the finance world. I get more and more exposure each day of the machine that Mr. Tankersley describes in the article above. So, knowing this, I have a quibble with this article. It is extremely narrow-minded. To measure the impact of finance solely by it's contribution to the economy is myopic. Such an analysis negates all the externalities that occur given the growing investments in finance.
stitching orders
bulk shirt stitching cost

Diana Robinson said...



It felt like I was suddenly back in my own warm and inviting living room from years ago.
https://crackguru.net/ace-utilities-crack-download/