From Athens to Berlin, governments are coalescing around an idea to turbocharge the economy. If successful, it could be transformative ― but it’s a big if.
“We want to gamble with people’s savings and retirement funds”
Fuck off. Fuck all the way off. Then fuck off some more.
If you want someone to invest into high-risk ventures, have the ultra-rich do it. They can afford it. Or the institutions which literally exist for this purpose: banks.
The “problem” is that these banks hold most of the savings and retirement funds and when they were found to use them for excessive gambling after the 2008 financial crisis, the regulators put some limits on that.
On the other hand, the ultra-rich massively benefitted from their stock investments in the last couple of years. While institutional investors largely lost because of the regulations in place. So if you believe stock markets are a good way to manage investments, then regulating them in a way that only the ultra rich can benefit from them is probably a bad idea.
But IMHO the entire idea of using a casino (where trading values are largely divorced from the real value creation of the companies traded) as the primary means to steer investments is bad.
“We want to gamble with people’s savings and retirement funds”
Fuck off. Fuck all the way off. Then fuck off some more.
If you want someone to invest into high-risk ventures, have the ultra-rich do it. They can afford it. Or the institutions which literally exist for this purpose: banks.
The “problem” is that these banks hold most of the savings and retirement funds and when they were found to use them for excessive gambling after the 2008 financial crisis, the regulators put some limits on that.
On the other hand, the ultra-rich massively benefitted from their stock investments in the last couple of years. While institutional investors largely lost because of the regulations in place. So if you believe stock markets are a good way to manage investments, then regulating them in a way that only the ultra rich can benefit from them is probably a bad idea.
But IMHO the entire idea of using a casino (where trading values are largely divorced from the real value creation of the companies traded) as the primary means to steer investments is bad.
Don’t listen to Axel Springer propaganda. They lie and distord facts. They want to make you angry.