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The article is interesting insofar as it explores the possibility that increased retail access to equity investments biases a population towards deregulation. B
by NoboruWataya 3y ago
The article is interesting insofar as it explores the possibility that increased retail access to equity investments biases a population towards deregulation. But to be honest paragraphs like this one just seem like a distraction and a base appeal to emotion. Investors aren't just biased by their investments; they are bad people, incapable of loving or being loved. I don't think capitalist societies have a monopoly on people who reduce their relationships with others to a series of transactions.
It's unclear what specific policy changes are being advocated by the author. Even if we decide we want to go back to the 1980s (do we? was life that good back then?) how specifically do we do it? Is it just by banning the marketing of securities to retail investors?
Incidentally retail participation in public equity markets has traditionally been much lower in Europe and this is something that lawmakers are actively trying to remedy there: https://finance.ec.europa.eu/capital-markets-union-and-financial-markets/capital-markets-union/what-capital-markets-union_en https://finance.ec.europa.eu/capital-markets-union-and-finan...