On Apr 27, 2009, at 10:29 AM, Max Sawicky wrote:
OK, I'll play devil's advocate. The stock market provides a liquid secondary market for stock issues, thereby facilitating the ability of firms to raise capital for new investment, among other misadventures. I'd say it is also a machine for redistributing wealth from hapless middle class savers to the very wealthy.
"A convenience for rentiers..." - Joan Robinson _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
