grte@lemmy.ca to Canada@lemmy.ca · 9 months agoLet’s Set a Maximum Wage for the Rich | The Tyeethetyee.caexternal-linkmessage-square141fedilinkarrow-up1611arrow-down148
arrow-up1563arrow-down1external-linkLet’s Set a Maximum Wage for the Rich | The Tyeethetyee.cagrte@lemmy.ca to Canada@lemmy.ca · 9 months agomessage-square141fedilink
minus-squaredangblingus@lemmy.dbzer0.comlinkfedilinkarrow-up4·9 months agoAt this point, abolishing the stock market would require a restart on the United States as an entity. The stock market is quite closely linked to the banking system. Closing the stock market would crash the US economy into oblivion.
minus-squareLostWon@lemmy.calinkfedilinkarrow-up4·9 months agoAnd no doubt every other closely-tied economy, as well.
At this point, abolishing the stock market would require a restart on the United States as an entity. The stock market is quite closely linked to the banking system. Closing the stock market would crash the US economy into oblivion.
And no doubt every other closely-tied economy, as well.