Ask Lemmy

33037 readers

1738 users here now

A Fediverse community for open-ended, thought provoking questions

Rules: (interactive)

1) Be nice and; have fun

Doxxing, trolling, sealioning, racism, and toxicity are not welcomed in AskLemmy. Remember what your mother said: if you can't say something nice, don't say anything at all. In addition, the site-wide Lemmy.world terms of service also apply here. Please familiarize yourself with them

2) All posts must end with a '?'

This is sort of like Jeopardy. Please phrase all post titles in the form of a proper question ending with ?

3) No spam

Please do not flood the community with nonsense. Actual suspected spammers will be banned on site. No astroturfing.

4) NSFW is okay, within reason

Just remember to tag posts with either a content warning or a [NSFW] tag. Overtly sexual posts are not allowed, please direct them to either [email protected] or [email protected]. NSFW comments should be restricted to posts tagged [NSFW].

5) This is not a support community.

It is not a place for 'how do I?', type questions. If you have any questions regarding the site itself or would like to report a community, please direct them to Lemmy.world Support or email [email protected]. For other questions check our partnered communities list, or use the search function.

6) No US Politics.

Please don't post about current US Politics. If you need to do this, try [email protected] or [email protected]

Reminder: The terms of service apply here too.

Partnered Communities:

Logo design credit goes to: tubbadu

founded 2 years ago

MODERATORS

[email protected]

105

What if we got rid of stocks? (lemmy.world)

submitted 2 days ago by [email protected] to c/[email protected]

102 comments fedilink hide all child comments

Ive often seen individuals on the left talking about how billionares shouldnt exist etc., but when probed on how that could be accomplished the answer is usually just taxes or guillotines. I dont think either is great.

What if instead, corporations were made to be unable to be sold or owned. Initially theyre made to default to popular election for their board, and after that they can set up a charter or adopt a standard one, ratified by majority vote of their employees.

Bank collapse would probably follow, how could that be remedied? Maybe match the banks invalidated stocks with bonds?

you are viewing a single comment's thread
view the rest of the comments

[–] Semjaza 8 points 1 day ago (1 children)

Just go back to needing futures to actually be fulfilled in kind.

And maybe limit/outlaw complex financial products.

These would be a solid start to fixing the issue of the unsustainable, and irrational, not to mention unconstructive economic growth of the last 60 years.

[–] [email protected] 1 points 1 day ago (1 children)

Honestly, I'm on the opposite end of the spectrum. Completely deregulate markets. This would make the stock market a constant churn of volatility and pump and dump schemes. It would gain a reputation for being a scam. People would be forced to once again invest in local businesses where they actually knew something about the owners and the conditions on the ground. Large financial collapses would cease to be a thing, since a small collapse in one city wouldn't affect the next city over

[–] [email protected] 4 points 17 hours ago

scam=people stop investing

Crypto, blockchain products, NFT's, magnetic bracelets, alkaline water, magic crystals...you are severely underestimating the average human's ability to be constantly scammed