Can A.I. save the stock market?
(twitter.com)
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Agree. Nothing good comes of them.
If companies need capital, they should raise it from people close to them who understand the operations and market, not semi-rich speculators. The whole thing becomes a pyramid scheme where "fund managers" are recruited by companies in order to recruit clueless investors (which is the only way your savings will keep up with inflation, other than buying physical metal) and then, when everything goes tits up, the government bails them out with our tax dollars.
This is a system that incentivises buying existing companies and looting them over building or growing companies.
Burn it down.
I dont think we can put the genie back in the lamp with this one. Stock market generates wealth (though unfairly distributed) which means if we stopped foreign governments wouldn't and we would fall behind.
That's not wealth. It's numbers on a spreadsheet in a database that have no intrinsic value.
Thank you. Finally someone fucking said it.
We could easily return to the old paradigm of stock having to return dividends at a preset rate per annum and strictly limiting the percentage of the company that can be held by other companies.