There is little productivity created in the wall st business. As the author states little of what Wall St does is raise capital for companies. Mostly it facilit

There is little productivity created in the wall st business. As the author states little of what Wall St does is raise capital for companies. Mostly it facilitates trading stock which is basically people trying to make money off of other people who have enough money to buy stocks. You buy your 'chips' and trade them and hope to make a profit. As far as the rest of the economy is concerned, little productivity is created from this action. It's as productive as gambling is, which would be analogous to Wall St's true business.