funny to note how Europe is considered more socialist and America more capitalist, but in America, the public owns the means of production through pension-based stock market ownership, which is one of the core tenets of communism, whereas this article points out European pensions are state-based or through bond investments. Of course, not much power is derived through American ownership of the means of production via the stock market because that power is delegated to the institutions who have the actual control, serving the same role as the politburo, for instance, in more ostensibly communist systems.
crinkly · 10m ago
WSJ are pushing it there. Depends what you mean by dominance. The US market is propped up on hyped big tech investments with little chance of ROI for shareholders other than inflating the valuations. PE ratio is quite frankly bananas too.
At some point it’s going to be absolute carnage. Private investment companies have already seen the end game and from direct observation have been pushing the hype to drive volume so they can shift their holdings on to the bagholders.
At some point it’s going to be absolute carnage. Private investment companies have already seen the end game and from direct observation have been pushing the hype to drive volume so they can shift their holdings on to the bagholders.
Good luck. It’s not a stable market. It’s fucked.