I didn't think it was satire as I believe it to be a popular viewpoint both in the larger world as well as among many folks here on HN.
That would make markets less efficient and thus allocate capital in a worse manner.
Less efficient for literally 50 ms. Then it all balances out.
The world GDP is about $76 trillion; that means that the global economy produces about $120,000/ in 50 ms. Reducing the time to work on a trade from 100 to 50 ms gives a trading algorithm that much of an edge, which ultimately helps increase the size of that $76 trillion pie.