> in the economy, it leads to bad things

there are two parts to this

- The first part is the good part, where people say something like "increasing liquidity provides a useful service, we can move money around more efficiently, so it gets to the people doing actual things faster."

This works in my opinion if financial services play a small role in the economy.

However, much like a programming language, if you have a massive project with 75 layers of abstraction, its own custom scripting language with multiple versions supported and used in different areas of the same codebase, it really is a waste of everyone's time and only serves to retain the jobs of the developers that understand the mess

- This leads to the bad outcome, where financial processes become labyrinthine and hide risk, and massive effort must be spent on the services without achieving useful work at the end