Right now the stock market once again play roller coaster. Here are regularly the negative consequences of "casino capitalism" shamed. Well-designed analysis, however, are rare, and the "Le Monde Diplomatique " - article by Frédéric Lordon , an economist from France, is a real pearl.
His conclusion: Rather than regulate the market more, we could simply abolish.
He refuted step by step, the myth that the stock market to the economy was important: it is neither the best solution to finance start-ups, nor to large companies to capitalize better.
"The stock market abolish? This would have the advantage not only to free ourselves to modest economic costs from the scandal of shareholder power. It could also have the broader sense, to erase the social become obligatory model of quick wealth, which for the well-born and successful convention is taken for granted. Then we would think back to that the money we earn, should be based on the extent and ways of living labor. "
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