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> investment (gamble) their nest egg. investment, done according to well known economic theories (such as market index investing), is not like gambling. People
by chii 2y ago
> investment (gamble) their nest egg.
investment, done according to well known economic theories (such as market index investing), is not like gambling. People who do gamble (like wallstreetbets style) might lose, but i don't believe most people, if they're allowed a bit of education, will do that. The degenerate gamblers will always gamble anyway.
> Stockmarket is easy to invest in for ordinary citizens
try investing in foreign companies/indices - you will find that ordinary citizens cannot easily do it. They'd have to do it via a HK broker, or have sufficent capital to have a private banker. There's also a lot of capital flow restrictions (that i'm not too privy to, but it's there). Sure it might be easy to invest in the chinese shanghai index as a chinese citizen, but that's too concentrated and is akin to gambling.
- maxglute 2y ago>if they're allowed a bit of education PRC had like 3-10% tertiary education in 90s-00s. IMO the masses are not going to absorb a bit of education. They'll still speculate, bandwagon etc if there's money to be made. It's not so much degenerate gambling as degenerate heresay malinvestment not thinking they're gambling when they actually are. A shares in the 00s was basically a casino, but investors thought they could beat the house because latest XYZ tip. % of educated in society much higher now, but problem is uneducated still around and retiring, i.e. potentially even worse casino reopens. >investing in foreign companies/indices No this is definitely controlled out of capital flight concerns. Since the cohorot who would benefit from this are the top quantile, whose capita CCP definitely wants to control.