Ding ding!

So my wife is talking about Wallstreet. “We call Europe and Asia ‘conservative markets,’” she says, “but that really means that companies like Samsung and Nokia depend on sales to survive. Apple though, depends on having highly valued stocks.”

Blew my mind! And yeah that’s why the stock market was created, wasn’t it? You need someone to float you the cash to begin a long term project, so you sell shares of your company. Your only other option is to convince a bunch of wealthy patrons to …wait a second!

So think about the stock market as a forum for oligarchs – would-be Medicis throw gold florins at whatever project they think will bring honor to their portfolio. Now, how would this system look if it were taken over by a Louis IV-like Investor-of-investors? How would it look with universal suffrage? Let the speculative fiction commence! Ding ding!