To make it short but precise and easy to read, I split this article into a sequence of short pieces describing how things work and what happened and how the stock market could be repaired to work for all of us rather than constantly rob most of us:
1. Stock Market
Capitalism was accepted as an improvement from feudalism. Big things would no longer depend on stiff lords born at the top society’s hierarchy but could instead be started by anyone, if it could be financed. However, people born rich might not finance it. Big money lenders might neither. Nor governments if they even had money to spend. Stock markets were invented as a kind of crowd funding in a capitalist market, not as free benign donations but potentially profitable investments by which investors could own a share of the business they co-founded. Theoretically making us all profit earning members of the economy if we could all manage to buy shares. In reality, however, only rich and well off people can, while the rest of us must toil and struggle to survive in underpaid labor, with neither time nor money to dive into the stock market which soon became a kind of casino for the upper class, the shares of companies usually called stocks rather than casino chips.
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