Is stock trading the "hacking" of economics?
>>1593265
just betting with no actual value added, go out there and actually produce something and innovate, fuck trading and finance
>>1593265
It's more or less betting
You can see patterns and do extremely well, but the entire basis of trading is based on how the public perceives worth, which can be rather unpredictable
>>1593268
without the stock market, companies would not easily be able raise capital to go out there and actually produce something and innovate
>>1593305
>le raise capital meme
>>1593305
lmao kys if you actually believe this shit
>>1593318
>"haha the spread of capitalism resulted in massive economic growth and the resulting spread of stock exchanges has resulted in massive amounts of businesses being founded and there is graphical evidence to support all of this"
>"haha but it's just a meme xDD"
>>1593318
>mfw wallstreeters and economists try to justify their worthless professions
>>1593319
VC actually serves a purpose but by the time a company "goes public" they're already huge and well-funded. IPO's just line the founders' pockets. The resulting stock exchange enables insiders to make fortunes playing a fixed game and sweep up billions in trading fees and commission.
If you're in this industry and make good money more power to you. But don't delude yourself into actually thinking people in finance are contributing anything of value to the world.
>>1593327
bottom line is u need the finance guys to make the deals happen but theyre not the ones that come up with innovative shit
>>1593327
You understand that interest rate derivatives and forex markets are the only reason why European pharmaceutical companies can operate in the United States and American cars can be sold internationally, protecting thousands, if not hundreds of thousands of jobs, right?
The only reason why shale oil is still producing oil is because of energy derivatives. Would you rather shove it to Wall Street by buying oil from the Arabs?
>>1593305
>go out there and actually produce something and innovate
Okay, Martin Sheen.
Holy shit, you should just kill yourself.
>>1593361
>interest rate derivatives and forex markets are the only reason why European pharmaceutical companies can operate in the United States and American cars can be sold internationally
please tell me you're not actually this retarded.
>Would you rather shove it to Wall Street by buying oil from the Arabs?
Yes, because shale oil is too fucking expensive to produce right now and we'd rather pay less for gas and utilities.
All 'real' financing for corporate expansion, development, and whatnot essentially happens through leverage and cash expenditures.
Equity trades on the stock exchange are just an insiders' game. This anon >>1593327
has it right.
Read a book ffs.
IPOs allow the public to benefit from economic and company growth. If there wasn't a stock market then everyone would retire into poverty.
Insurance would be more expensive, if available. Farmers would go bankrupt regularly. Businesses would find it harder to expand. International trade would plummet.
Fuck off to Syria and join ISIL if you want to return to the medieval age.
>>1593327
>don't delude yourself into actually thinking people in finance are contributing anything of value to the world.
Any time you provide supply to where there's demand, you're adding value to the world.
>>1593410
kys krugman