Follow
The more I learn about the stock market, the more I wonder how we allowed any of this to become legal in the first place.
Modern kings don't need knights or castles to keep the serfs in line. They just need SPACs and conspirators willing to lend real money against their imaginary holdings.
And us serfs just let them keep on doing it, while we trudge along providing actual goods and services for our income like chumps.
This is systemic rentier capitalism at its worst, and it's holding our entire country and civilization back.
Imagine how much more innovation we could have if the funds that are otherwise tied up in the stock market to make rich men richer actually went to startups and people with new ideas about how to make the world better?
How much advancement are we, as a species, losing every generation to brilliance stifled by poverty while ignorance continues to profit from bullshit?