“Financial brokers create nothing.”
Free markets without brokers are like machinery without lubrication. They tend to freeze up. This fact is not readily apparent, but you can see the results in places like the old Soviet Union. No one possessed ANY of the vital information that the free market both provides and requires, such as prices, or what consumers actually want to spend their money on.
“Free markets without brokers are like machinery without lubrication.”
Like an athlete, band, actor, or prostitute without a manager/pimp. So I guess a broker is just a glorified pimp.
They may not create wealth outright but they facilitate and
negotiate more agreeable terms.