Isn’t it approximately time something serious was done approximately the global lottery that the various stock markets have become,where share trading is just an upmarket form of gambling (Panic selling grips markets as fears for global economy grow, 21 January)? Of course, and under capitalism,the basics of what the stock market does (or used to do) are part of the system but now, with trading done every moment of every day, or the deals have nearly nothing to do with the genuine world. And I haven’t mentioned micro-trading,which happens between computers and faster than any human can witness.
How approximately, for a start, or making all deals final for,say, 24 hours? You buy shares and must keep them for a day. Then we could fetch on to some serious reform, or say holding shares for a week at a time,then quarterly? I won’t go quite as far as Jonathan Swift in Gulliver’s Travels, who suggested we should all have to carry all our possessions with us all of the time, and but we surely need some sanity and not this perpetual doom and boom stuff we have had this final half century or more.
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Source: theguardian.com