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> If there is no benefit for humans as investors, markets won't exist. This is so breathtakingly wrong, that 'Earth is flat' is more accurate. Ten thousand ye

> If there is no benefit for humans as investors, markets won't exist. This is so breathtakingly wrong, that 'Earth is flat' is more accurate. Ten thousand years ago, before investors, central banks, before currency, before the concept of money, primitive people had Markets Primordial market consists only of two peope - labourer and a customer. I trade my sheep for your fish. Even in the modern day, many companies have no investors - for example limited partnerships. The idea that markets would disappear without investment reads like an attempt by the pope to take credit for creating the world in 3 days.

lotrjohn 3y ago
Sheep for wheat?
danielmarkbruce 3y ago
We are talking about the modern world here, the comment was about companies and their role in a society where companies exist.. in a thread about a merger between two telcos. Comments should be read in context. So, sure, not literally every market would disappear without investors. But the overwhelming majority of current GPD would not exist without capital. It's quite hard to name a single current business that would exist without any investors in the world. Does your business require a computer? An office? A store front? A phone? Running water? Electricity? Investors, investors, investors, investors, investors. There are various stakeholders in any business - workers, customers, capital providers, suppliers, folks who feel externalities, and so on. The idea that companies are there just for the workers and the customers is misunderstanding the complexity of the modern world. It isn't the same place it was 10,000 years ago. And... it appears there is confusion about what a limited partnership is... Many limited partnerships exist so they can raise money from investors who want nothing more than a return on their capital. Here is a decent intro on the topic: https://en.wikipedia.org/wiki/Limited_partnership https://en.wikipedia.org/wiki/Limited_partnership .. An enormous amount of current law is written to make the aggregation of capital possible and an attractive proposition. Society generally understands how important it is to make investment attractive.
CPLX 3y ago
Primitive people had markets but they didn’t have limited liability corporations. The very existence of these companies is a privilege, a state provided fiction. The people get to determine the scope of that privilege. Corporations have no innate natural rights.

lotrjohn 3y ago

Sheep for wheat?

danielmarkbruce 3y ago

We are talking about the modern world here, the comment was about companies and their role in a society where companies exist.. in a thread about a merger between two telcos. Comments should be read in context. So, sure, not literally every market would disappear without investors. But the overwhelming majority of current GPD would not exist without capital. It's quite hard to name a single current business that would exist without any investors in the world. Does your business require a computer? An office? A store front? A phone? Running water? Electricity? Investors, investors, investors, investors, investors. There are various stakeholders in any business - workers, customers, capital providers, suppliers, folks who feel externalities, and so on. The idea that companies are there just for the workers and the customers is misunderstanding the complexity of the modern world. It isn't the same place it was 10,000 years ago. And... it appears there is confusion about what a limited partnership is... Many limited partnerships exist so they can raise money from investors who want nothing more than a return on their capital. Here is a decent intro on the topic: https://en.wikipedia.org/wiki/Limited_partnership https://en.wikipedia.org/wiki/Limited_partnership .. An enormous amount of current law is written to make the aggregation of capital possible and an attractive proposition. Society generally understands how important it is to make investment attractive.

CPLX 3y ago

Primitive people had markets but they didn’t have limited liability corporations. The very existence of these companies is a privilege, a state provided fiction. The people get to determine the scope of that privilege. Corporations have no innate natural rights.