What is the stock market?
What is the stock market?
I'm looking for your deepest abstracted definition of the history and political nuance, the philosophical, the ethics, the evolved and historical meaning, and the meaningful impact it has had in evolving political structures and systems.
This is not ELI5, or a dumb question like "What is the stock market," /s... It is a question of dumb contexts like: what is it really under the surface, or what is it in your opinion, or what is it in principal, or what is it used for as a justification for other parts of society?
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To me the stock market was started as a way for individual business owners to raise capital to make a large purchase (open a factory, etc.). Then it became a novel way to speculate on the FUTURE performance of some business. It’s become a way to make money by playing on the emotions of other investors.
And now, it's little more than a damn casino.
Its all of these things. And more
If I'm not betting on your future performance, why am I giving you money to open a factory?
Good point, I suppose they are one and the same.