{"id":92135,"date":"2026-01-01T12:25:45","date_gmt":"2026-01-01T18:25:45","guid":{"rendered":"http:\/\/www.kateva.org\/sh\/?p=92135"},"modified":"2026-01-01T12:25:45","modified_gmt":"2026-01-01T18:25:45","slug":"london-review-of-books-what-is-finance-for","status":"publish","type":"post","link":"http:\/\/www.kateva.org\/sh\/?p=92135","title":{"rendered":"London Review of Books &#8211; What is Finance for?"},"content":{"rendered":"<p><a href=\"https:\/\/www.lrb.co.uk\/the-paper\/v46\/n17\/john-lanchester\/for-every-winner-a-loser\">https:\/\/www.lrb.co.uk\/the-paper\/v46\/n17\/john-lanchester\/for-every-winner-a-loser<\/a><\/p>\n<p>&#8220;&#8230; total value of all the economic activity in the world is estimated at $105 trillion &#8230;  value of the financial derivatives which arise from this activity &#8230; $667 trillion. &#8230; in terms of the things it produces, that business is useless. It does nothing and adds no value. It is just one speculator betting against another&#8230;&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>https:\/\/www.lrb.co.uk\/the-paper\/v46\/n17\/john-lanchester\/for-every-winner-a-loser &#8220;&#8230; total value of all the economic activity in the world is estimated at $105 trillion &#8230; value of the financial derivatives which arise from this activity &#8230; $667 trillion. &#8230; in terms of the things it produces, that &hellip; <a href=\"http:\/\/www.kateva.org\/sh\/?p=92135\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[28,40],"class_list":["post-92135","post","type-post","status-publish","format-standard","hentry","category-share","tag-ifttt","tag-pinboard-jgordon"],"_links":{"self":[{"href":"http:\/\/www.kateva.org\/sh\/index.php?rest_route=\/wp\/v2\/posts\/92135","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.kateva.org\/sh\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.kateva.org\/sh\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.kateva.org\/sh\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.kateva.org\/sh\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=92135"}],"version-history":[{"count":1,"href":"http:\/\/www.kateva.org\/sh\/index.php?rest_route=\/wp\/v2\/posts\/92135\/revisions"}],"predecessor-version":[{"id":92136,"href":"http:\/\/www.kateva.org\/sh\/index.php?rest_route=\/wp\/v2\/posts\/92135\/revisions\/92136"}],"wp:attachment":[{"href":"http:\/\/www.kateva.org\/sh\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=92135"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.kateva.org\/sh\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=92135"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.kateva.org\/sh\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=92135"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}