3 ms·
Well, claiming that is claiming that the entire idea of "private property" is bullshit, but it refutes the very foundation of our civilisation. Because stock ma
by anovikov 3y ago
Well, claiming that is claiming that the entire idea of "private property" is bullshit, but it refutes the very foundation of our civilisation. Because stock market is a mechanism for facilitation "private property" in the purest sense - "ownership without physical control". Remove it, and you can only make money off what you can physically hold and defend, and that would be a scary world.
Capital always generates return. If it doesn't it just moves to the other place where it does. If there is no stock market, there is no way to freely move that money and it means that private property is no more, and owning capital is more of a job of "being able to milk something for profit", rather than a passive income source. That means we no longer have capitalism. Do you claim the world is really a place like that?
Or, do you claim that there are other mechanisms for that but the stock market. Which?
- maest 3y agoJapan has private property, but the Japanese stock market has been going sideways for years.