A UN trade agency just dropped an interesting take on the current state of global finance. Their core argument? The existing financial infrastructure isn't pulling its weight when it comes to actually supporting economic growth and development.
The agency's calling for some serious structural adjustments – basically saying the system needs a reality check. Makes you wonder if traditional finance's rigidity is exactly why decentralized alternatives are gaining traction. When legacy institutions admit they're not serving the economy effectively, that's quite the admission.
Classic case of established systems recognizing their own limitations, though whether they'll actually innovate or just talk about it remains to be seen.
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RektButSmiling
· 3h ago
It's just a change of soup without changing the medicine.
A UN trade agency just dropped an interesting take on the current state of global finance. Their core argument? The existing financial infrastructure isn't pulling its weight when it comes to actually supporting economic growth and development.
The agency's calling for some serious structural adjustments – basically saying the system needs a reality check. Makes you wonder if traditional finance's rigidity is exactly why decentralized alternatives are gaining traction. When legacy institutions admit they're not serving the economy effectively, that's quite the admission.
Classic case of established systems recognizing their own limitations, though whether they'll actually innovate or just talk about it remains to be seen.