4 ms·
> Its an important part of everyone's financial wellbeing But should it be? It seems to me this is part of the problem: the outsized role the stock market pla
by danaris 5y ago
> Its an important part of everyone's financial wellbeing
But should it be?
It seems to me this is part of the problem: the outsized role the stock market plays in our financial system today.
- j-pb 5y agoI think that's a pretty valid question to ask, but one that doesn't sit right with the typical neo-liberal/venture-capital clientele on HN. The wishful image of financial autonomy and chances of personal and business development through a public market seems to provide too much cognitive dissonance when confronted with the realities of how bloated, speculative, manipulated, and self-fulfilling stock markets have become. It's like telling someone who's put their entire live saving into bitcoin that it's a pyramid scheme. I mean any other idea would probably die on here, once it's been shown that it's success is coupled to NP=P being true.(https://arxiv.org/abs/1002.2284 https://arxiv.org/abs/1002.2284)