Well, I brought up GameStop because it’s an example of the stock market not working as intended. I’m saying the stock market usually works as intended. And it is intended as a means of buying and selling companies, their assets, liabilities, and crucially, their employees.
You’re saying it usually does not function properly as a means of buying and selling control over companies? Because Musk bought his first big piece of Twitter on the stock market. That’s an example of the stock market working as intended. I would argue that this is how the stock market usually works. This is not gambling. This is the purchase of a tangible asset.
You are describing what should be done with a powerful economy. Not how to create a powerful economy.
Abolishing the stock market will not encourage wealth distribution.
It will make the economy weaker, and could easily make wealth concentration worse.
The right move is to reform the stock market, imposing rules on company ownership.
That’s why I brought up Germany.
All companies in Germany above a certain size must be 40% owned by their employees.
deleted by creator
Well, I brought up GameStop because it’s an example of the stock market not working as intended. I’m saying the stock market usually works as intended. And it is intended as a means of buying and selling companies, their assets, liabilities, and crucially, their employees.
deleted by creator
You’re saying it usually does not function properly as a means of buying and selling control over companies? Because Musk bought his first big piece of Twitter on the stock market. That’s an example of the stock market working as intended. I would argue that this is how the stock market usually works. This is not gambling. This is the purchase of a tangible asset.
deleted by creator
What do you mean by “improve the economy”?
deleted by creator
You are describing what should be done with a powerful economy. Not how to create a powerful economy. Abolishing the stock market will not encourage wealth distribution. It will make the economy weaker, and could easily make wealth concentration worse.
The right move is to reform the stock market, imposing rules on company ownership. That’s why I brought up Germany. All companies in Germany above a certain size must be 40% owned by their employees.
deleted by creator