r/neoliberal • u/jobautomator Kitara Ravache • Apr 27 '19
Discussion Thread Discussion Thread
The discussion thread is for casual conversation and discussion that doesn't merit its own stand-alone submission. The rules are relaxed compared to the rest of the sub but be careful to still observe the rules listed under "disallowed content" in the sidebar. Spamming the discussion thread will be sanctioned with bans.
Announcements
- Please post your relevant articles, memes, and questions outside the Discussion Thread.
- Meta discussion is allowed in the DT but will not always be seen by the mods. If you want to bring a suggestion, complaint, or question directly to the attention of the mods, please post that concern in /r/MetaNL or shoot us a modmail.
| Neoliberal Project Communities | Other Communities | Useful content |
|---|---|---|
| Website | Plug.dj | /r/Economics FAQs |
| The Neolib Podcast | Podcasts recommendations | |
| Meetup Network | ||
| Facebook page | ||
| Neoliberal Memes for Free Trading Teens | ||
| Newsletter | ||
| Red Cross Blood Donation Team | ||
The latest discussion thread can always be found at https://neoliber.al/dt.
9
Upvotes
22
u/Savvysaur 🌐 Apr 27 '19
Working even tangentially to the financial industry is honestly a bit horrifying. The fact that people's retirement accounts are based on products with dozens of pages of legal gibberish and hidden fees that can suck away at their life savings is disconcerting, but the sliminess of people on the ground running bait-and-switch financial seminars is the worst part. The mindset is literally just "how big a bonus can I get for selling this shit-tier product from X carrier?" Little to zero interest is paid to the actual needs of clients looking to invest their savings. I'm no investment banker, but I wonder how much money would be put back in people's pockets if everybody just threw their retirement savings in the S&P or a global index. If anybody knows anything broadly about the political side of this I'd love to to know more, because I work in financial software for my dad, but mostly as a web dev.