Somehow, I can agree with this article. Considering what is happening in the global economy, the powers-that-be must be behind all this economic collapse of nations. Just this morning, the Koch brothers of the US have been accused of causing the shutdown of their government by encouraging Republicans to withdraw support for Obama’s health care program. If governments can be manipulated, as it seems the case here, why not the stock market?
True. We used to look at the bank owners and officials as some kind of gods. In like manner, with the present economic debacle, we have ceased to adore Wall-Street-types of workers as demi-gods as well. Until people cease to trust these institutions entirely and bring them crashing down finally, they will continue to attract investors. I say, it may be time for some new form of creating wealth for more people.
So, which is which? Is the stock market a legitimate channel for creating wealth or just another playground for the rich to make more money? Perhaps, we will never know. As long as a gambler takes home some winning now and then and has fun playing, what does it matter if the casino earns millions?
That is precisely what makes investing such an exciting endeavour. These are real companies with dynamic “personalities” not unlike choosing a potential spouse or employee in whom you will invest emotions or time and money in a long-term relationship. It is not mainly about making a profit but about spending time evaluating the conflicting forces within a dramatic story and becoming part of the effort of achieving a happy ending.
As in most legit venture or undertaking, corrupt or dishonest practices will somehow creep in. We can never know the motivations of individual businesses or entities. This faulty human nature has made enterprises, governments, cities and nations basically what they are – melting pots of human goodness and perversity, and everything else in between.
I agree. As essential as formal education is in every task, experience is still the best teacher. One has to get dirty in the world in order to learn how it functions. One may learn certain bad habits along the way; but in the end, they will also prove to be ephemeral for people and systems can learn to adapt to new ways of functioning. The stock market, I believe, will evolve likewise.
This reminds me of how a monopoly works. In the 60’s and 70’s, when monopolies reached the peak of their golden reign, people began questioning their existence and led to their eventual “downfall”. In reality, the owners of those monopolies merely shifted to a more democratic way of maintaining their wealth and becoming even richer. Either they merged with other monopolies or allowed others to invest in their business through the stock market while maintaining their complete control over the business. In some cases, they turned over management to new ones and shifted or dissipated the public’s ire to those people. Who knows if the stock market is just another tool to keep our minds pliable while the monopolists continue to fleece us dry?
The banks and the stock market are merely tools for wealth creation. Whereas banks nowadays have lost much of their credibility as institutions, like the stock market, it has maintained its capability to provide investors with the opportunity to produce wealth. The opportunities given to the ordinary citizens, although very limited, still allow them to invest their earnings or acquire loans for the purpose of enhancing their wealth.
The stock market is too complex to comprehend at one glance. This website is too elementary to provide a working grasp of its dynamics and its effects on the social-economic political environment. Yes, it is a mere arm of the whole body of an organic nation; but it still defies explanation just as it is difficult to presume that the arm can be manipulated by any other organ except for the brain. The nation’s brain is the totality of the people creating a common decision through their government. The crisis we are undergoing on a global scale may be attributed to a few powerful players; but in the end, we will all be part of the solution to this common dilemma.
We forget that the economy is controlled by the few wealthy families who control both our political and social structures on a global scale. The solutions people need and require of the government will always be thwarted by this elite group. They may give concessions here and there; but they eventually adapt in order to bring about a state where they always end up being on top. In the end, the poor will always be poor and the rich always rich. It is the primary lesson of world history.
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