Self allocation of resources by the financial monopoly?

"Much more significant is the fact that the bulk of incremental financial activity is trading, and trading, while it may provide a little useful public information about market opinion, is largely a way to transfer wealth from those with inferior information and calculation ability to those with more.There is no enhancement of economic efficiency to speak of."


http://www.newrepublic.com/article/112679/how-save-american-finance-itself#