One where the benefits of economic growth are distributed broadly across society, allowing everyone to contribute to and benefit from economic prosperity.
You are describing what should be done with a powerful economy. Not how to create a powerful economy.
Abolishing the stock market will not encourage wealth distribution.
It will make the economy weaker, and could easily make wealth concentration worse.
The right move is to reform the stock market, imposing rules on company ownership.
That’s why I brought up Germany.
All companies in Germany above a certain size must be 40% owned by their employees.
It does not function to improve the economy.
What do you mean by “improve the economy”?
One where the benefits of economic growth are distributed broadly across society, allowing everyone to contribute to and benefit from economic prosperity.
You are describing what should be done with a powerful economy. Not how to create a powerful economy. Abolishing the stock market will not encourage wealth distribution. It will make the economy weaker, and could easily make wealth concentration worse.
The right move is to reform the stock market, imposing rules on company ownership. That’s why I brought up Germany. All companies in Germany above a certain size must be 40% owned by their employees.
Agree to disagree. But I do like the part about Germany.