most of the discourse on my dash rn seems to be not only assuming that investment banking is evil, but maybe assuming that everyone knows and agrees on this including investment bankers?
1) do people know what investment banking is? I sort of don’t but my impression is that most of it is like, helping companies issue securities and structure mergers and acquisitions. do you think that any existing publicly traded company is good for the world? guess how it raised money? with the help of investment bankers! (unless it’s Spotify or something idk)
2) honestly if a sector of the economy is large and profitable my prior is just that they’re providing value
3) I’m being kind of flippant but I do think most people are not operating from the premise that the basic functions of investment banking are crucial to the operation of an advanced economy