> Is it broke people, people working several jobs on minimum wage, ... people trapped in debt? At least in Europe, it is not uncommon that bank/pension/state f

> Is it broke people, people working several jobs on minimum wage, ... people trapped in debt? At least in Europe, it is not uncommon that bank/pension/state funds (in effect: everybody's money) buy in latest to these stocks. Allocating resources in society is a hard problem, and capital markets overall provide a valuable service in deciding where resources should go. But when some of these markets function more or less like a lottery (or ponzi scheme), I don't see why a society should support (or even worse: idolize) its participants.