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Except those things actually fuel the economy and reward entrepreneurs vs enriching a "house" that contributes very little.
by KaoruAoiShiho 8y ago
Except those things actually fuel the economy and reward entrepreneurs vs enriching a "house" that contributes very little.
- coralreef 8y agoAn underlying stock market is useful because it allows companies to raise capital to take risk. But many of those trading tools are just vehicles for speculative trading. When I buy options contracts as a trader, I'm speculating the price will go up or down. I'm not adding anything productive to the economy. For me to win, another trader must lose.
- KaoruAoiShiho 8y agoYou're sending price signals. The market needs active traders not just investors to function properly.
- coralreef 8y agoSure, capitalists will always say "I'm providing liquidity", and I'm fine with that, there is some value in that. But I'm still gambling on an outcome in a zero sum game. What is the purpose of anti-gambling laws? To protect the common man? But the state is okay with you losing everything on stocks? The point is its an unjust hypocrisy.
- shunders 8y agoHow is a Wall Street firm taking fees any different from a casino taking a rake?