Comment by bmitc
9 hours ago
> people would be manipulated in investing in opaque, often ridden with accounting shenanigans things
This happens even with the stock market. See every financial crisis.
9 hours ago
> people would be manipulated in investing in opaque, often ridden with accounting shenanigans things
This happens even with the stock market. See every financial crisis.
Like which one? 2008 crisis was caused by reckless lending by banks as a result of silly regulation (government guaranteeing loans), implicit promise of bailouts and you could argue corruption. What does it have to do with the stock market?
It's a nice dismissing soundbite but you're just missing the broader point and real issues coming with people's money being invested in non public entities.
Besides, just because some problems also happen with solution A doesn't mean they wouldn't be worse with solution B. You are not really making a point just dismissing the idea of a public market without understanding the value of it.