Originally Posted by
MultiVerse
Yeah, I think there's an argument equity markets do less to serve the social function equity markets are supposed to serve than they once did. It's also a historical fact that only market-oriented economies allow people to live better lives than their parents lived.
So if casino finance, capital structure manipulation, front-running, socializing risk, creates a situation where lots of people feel like they're no longer seeing forward progress in their material lives then that's a big problem for liberal democratic capitalism.