Check out the infographic below for some comparisons on the billions lost, made, spent and saved.
I’m not entirely covinced about the accuracy of the data, but I think its just meant to be indicative. And as such its a revelation. Clearly the cost of the gulf war is just massive. But the main thing that jumped out at me was looking at Wall Street profits compared to gargantuan GFC cost. And even if you added all the major international markets profits together its still always going to look like a blip on the scale of what got screwed up.
If all the possible profits from financial trading were equal to all the possible losses then you would probably be fair in thinking that’s a risk, if we manage it well, worth taking. But if the possible losses are of such a massive order of magnitude compared with the profits then maybe we need to be rethinking the whole thing.