Comment by andrepd
18 hours ago
Child well-being being inversely correlated with stock price is very much a nice summary of the times we live in.
18 hours ago
Child well-being being inversely correlated with stock price is very much a nice summary of the times we live in.
I think human wellbeing has been inverted with stock price basically since stocks were introduced.
Prior to stocks we had feudal lords created out of vast private land holdings. Stocks at least abstract ownership out into a more democratic mechanism. The notion is sound but the current implementation is incomplete, for the same reason the prior innovations were, the initial uninformed creation become too easily corrupted.