https://conscioused.org/books/life-after-google-george-gild…
https://conscioused.org/books/life-after-google-george-gilder-review-summary
This book is the most prophetic of any book in the last 10 years. The observation that memory-less markov models which are market neutral adds no real economic value is insightful
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Liquidity for liquidity sake is the ails of our economic system. That and not having sound money, allows for our world to be taken over by algorithms that create no real value for mankind.
"But real wealth is rooted in hard won knowledge spaced over time." -George Gilder, Life After Google.
HFT funds like Rennaisance make their money by taking advantage of governments interference in the economy faster than everyone else. "King Midas's error was mistaking gold, wealth's monetary measure as wealth itself".