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Why can't you? The vast majority of businesses are privately held[1]. Those businesses hire most of the people and buy most of the goods. Even for companies th
by aeturnum 6y ago
Why can't you?
The vast majority of businesses are privately held[1]. Those businesses hire most of the people and buy most of the goods. Even for companies that are listed on the markets, the majority of their financial assets come from doing business.
It's true that companies raise money on the public markets to expand and thus hire more people, but the idea that most economic activity happens there is false.
[1] https://www.forbes.com/sites/sageworks/2012/10/01/private-companies-pull-economy-along/#258378612723 https://www.forbes.com/sites/sageworks/2012/10/01/private-co...
- WalterBright 6y agoBig business doesn't work without a stock market, and big business is the engine that drives an economy. Small businesses are the future big businesses. Both are needed for an efficient, productive economy. Various times countries have tried to prevent big business from operating, and always gave it up after a while.