Fully Automated RPG

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submitted 8 months ago* (last edited 8 months ago) by [email protected] to c/[email protected]

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decided to do some research on a world without stock markets, maybe these articles would be useful to FA's world, which bans making money from money

https://www.linkedin.com/pulse/what-stocks-didnt-exist-john-m-paul-aif- this deals with the history of investing and argues futures markets would exist even without a stock market

https://www.thebalancemoney.com/what-if-the-stock-market-didn-t-exist-2637105 this is a capitalist argument for the stock market but may detail potential issues to be worked around (low key hilarious that it laments the loss of walmart in such a world)

https://www.physicsforums.com/threads/what-if-there-was-no-stock-market.260638/ a forum debate about the stock market which mentions alternative financial systems. alludes to the public goods game (libraries) and co-ops in a lot of ways.

https://www.theguardian.com/sustainable-business/stock-markets-no-longer-fit-purpose this points out the flaws in the stock market and also mentions a field guide to regenerative economies, though said field guide was created by something called "The Capital Institute", so idk http://fieldguide.capitalinstitute.org/evergreen-direct-investing.html

this describes a market socialist economy that may be a stepping stone to FA's communism or a satisfactory state on its own (assuming proper governance mechanisms) https://www.reddit.com/r/SocialDemocracy/comments/olqi4a/are_there_economic_problems_with_locally_owned/

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[–] [email protected] 4 points 8 months ago* (last edited 8 months ago)

This is very interesting.

I started with the second link, and it is indeed low key hillarious:

The takeaways (in their own quoted words):

Without a stock market, purchasing shares directly from a company or selling directly to new investors would be more complex and expensive.
Business growth would be more difficult if companies could not have an initial public offering or issue new shares to raise money.
Eliminating the stock market would likely reduce income inequality between those who can invest to grow their wealth and those who cannot.
A country without a stock market might have more even income levels between classes but an overall weaker economy with fewer major corporations.

Oh noo /s

So less income inequality and slower growth. Truly a nightmare scenario.