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Well we’d go back to an era where private capital owns the world. The public would not be able to participate or benefit from the ownership of companies and sha
by nightski 7mo ago
Well we’d go back to an era where private capital owns the world. The public would not be able to participate or benefit from the ownership of companies and share in the prosperity.
- idiotsecant 7mo agoYes, hard to imagine this crazy timeline where private capital rules the world. Totally inconceivable.
- vasco 7mo ago"It's not good so let's make it worse"
- cluckindan 7mo agoCryptocurrencies everywhere.
- bmitc 7mo agoPrivate capital doesn't own the U.S.?
- michaelsshaw 7mo agoBREAKING: Countries other than "U.S." found to be members of so-called "world" Although I'm not sure what he's on either. Capitalists definitely own and exploit pretty much the entire world, with few exceptions.
- nightski 7mo agoI should of used the term "equity" instead of "capital". I meant that the worlds largest companies would no longer be able to be owned by public equity and would only be available to those in the exclusive club of private equity.
- AngryData 7mo agoI mean the average person already barely has any participation at all, and certainly doesn't benefit from it when their money gets dumped down the toilet because of some widespread financial scams and grifts that repeatedly happen over and over again.
- refurb 7mo ago62% of adult Americans own stock.
- AngryData 7mo agoAnd how many of those people are actively making decisions about what companies they are investing in instead of blindly putting money into a black box 401k account because they are financially punished for not doing so?
- refurb 7mo agoDoes it matter? They could blindly buy an SP500 index and benefit greatly (as most Americans do).
- runarberg 7mo agoNot by choice. Stocks are pushed onto Americans (as well as Europeans, and most people in the West) via their pension funds, advanced savings accounts, and sometimes even their salaries (via options). If normal savings accounts in their local credit union would offer adequate interest rates (and if paying in stocks was outlawed by their unions) stock ownership would plummet. I would be surprised if it would even exceed 2%.
- refurb 7mo agoThat’s a good thing! Anywhere else you put money as an investment will barely match inflation.
- 7mo ago