Trading: An Evil of the Economy

You are buying ownership in a company. You say traders provide no service, but really, in owning shares in a company, you are providing that companies' services. Without capital, corporations would get nowhere. The stock and bond market are essential to the market economy.

Obviously you are unaware of "The invisible hand" principle by the great Adam Smith.

I advise you to read a book about economics or google: The invisible hand - Adam Smith

Besides, let that principle alone, financial markets provide an essential facility to those who provide your big corporations with liquidity & financing. If there were no easy way to facilitate the role of people who provide finances to big incorporated companies, they would probably think twice before doing their job, and it will be harder for corporations to receive the money they need to build the economy.

This is a very big role, and an extremely important one that just slipped your mind.

I am not just saying this because I myself am an 8-year experienced trader, but because I honestly believe that this role is an extremely important one for the incorporated economy as a whole. Economic growth wont be 10% of what it is today if it was not for incorporating & financial markets , and of course : TRADERS !

Just imagine there is no shares, no shareholders, and estimate how big our economy & companies & job creation would be. You might ask now what do shareholders have to do with traders It is simple; a shareholder is a trader the minute he decides to sell his share and move on to another company/sector/IPO.

CJ

i am glad to see that people have already answered this well.

without traders companies would not be able to offer up IPOs and raise enough capital to grow and expand. With investing comes risk. Good investors are able to discern that risk and invest in companies that are undervalued. without traders capitalism would not be able to exist. Just look at the disaster that almost happened here in the US when the markets almost froze up due to people being too scared to lend or borrow. Do people in the finance sector make a ton of money Yes, but it is well deserved, given their 90 hour a week schedules and constant stress. It is not a cushy job, which is why most people only stay two or three years and then move on to another job.

The recent film "Zeitgeist Addendum" resonates well with vision's thoughts about the fraudulent nature of our economy. Peter Joseph makes a lot of good points mainly that no matter which system we live under (communism, democracy, dictatorship or something else) it is all actually "moneytarism". Corruption and scarcity is not an outcome of our money system; corruption and scarcity is its very foundation. All institutions, all corporations are profit oriented meaning that quality of the product or service is secondary. As an alternative he suggests a resource based economy where technology is the highest good, not money. If all things are abundant money is redundant (see The Venus Project: www.thevenusproject.com). Why would you steal something if you can get it for free, and there is enough for everyone

Zeitgeist Addendum

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A hilarious interview of Peter Joseph by Alex Jones
(11 parts, each 10 min. long)

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Traders add liquidity to the markets.