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Not quite. At the bare minimum, the existence of markets and liquidity they provide is of tremendous value. Otherwise, how would those large corporations be abl
by dragandj 9y ago
Not quite. At the bare minimum, the existence of markets and liquidity they provide is of tremendous value. Otherwise, how would those large corporations be able to acquire capital in the first place?
- EliRivers 9y agoThere's always the bond market - loans, effectively. They could also sell non-transferable ownership; effectively a stock that couldn't be sold on. You get dividends and a say in how the company is run. That would drive stockholders to seek long-term sustainable profits rather than share price spikes, which sounds like a pretty good thing.