Do We Really Need The Stock Market?
by Joseph Ratliff
The DOW Jones goes up to 11,500 or whatever…and we get excited.
The DOW Jones goes down below 9,000…and for some reason…we panic.
Have we depended on the stock market a little too long folks? If you think about it, to my knowledge not a single private company (not listed on the DOW) caused this recessionary economy we live in…not one.
It was the big, huge, too big for their shorts “Wall Street” that got us here.
So, why not let them go?
Who would be around to “bail out” any “mom and pop” business if they made horrible, disgusting decisions that warrant jail time? Nobody.
Why the hell are we bailing out the folks that put us in this situation then?
The more important question to ask is:
What would REALLY happen if we ditched the stock market altogether and returned to private business 100%?
Well, one thing that would happen, is we would discover how the money was managed right? So, the companies that were doing things wrong would dissolve right (if you’re just “falling for the company line” by the way, you might want to re-evaluate your situation and read your companies public stock report)?
Some jobs would be lost, but I believe that as humans, we adapt. We get better, we learn, we move on. Some people won’t be able to do that I suppose, but I feel that when the “pain” exceeds the “pleasure”, they will do something about their situation too.
So, returning to “private status”, what would these big businesses that have relied on public money do? They would have to actually serve the customer right? They would, instead of having that comfy cushion of investor money, have to actually think about how to operate.
I could be wrong with all of this for sure, I’m quite opinionated, and this has been rattling around inside my head for quite some time…now it’s time to get the “evidence” to support my theory.
Thanks for reading.