“ think many (perhaps almost all) other nations have better definitions around securities” That’s absurd. American markets are preferred by most of the planet.

“ think many (perhaps almost all) other nations have better definitions around securities” That’s absurd. American markets are preferred by most of the planet. You may choose to keep your money out based on principal, but it won’t be a financially driven choice. It’s like buying a car based on the cars’ color. It’s one aspect but not one of the more important aspects. For most people, the criteria would be returns vs risk. American markets are relatively low risk and high return, even if we aren’t very democratic lately.