Summary of the damage of financial speculation
The negative effects and damage of financial speculation are basically of two types:
subjective: they concern the personal moral sphere of the author of speculation even when the activity of financial speculation is not subject to legal restrictions; indeed
- speculation is unproductive of goods and services for the common good
- it causes attachment to money
- it develops behaviors that do not conform to religious morality
objective: they concern the national and international economic balance
- speculation causes a distortion in the system of spontaneous price formation of the real economy
- speculation easily causes damage to other people or companies