grte@lemmy.ca to Canada@lemmy.ca · 2 years agoLet’s Set a Maximum Wage for the Rich | The Tyeethetyee.caexternal-linkmessage-square130fedilinkarrow-up1560arrow-down141
arrow-up1519arrow-down1external-linkLet’s Set a Maximum Wage for the Rich | The Tyeethetyee.cagrte@lemmy.ca to Canada@lemmy.ca · 2 years agomessage-square130fedilink
minus-squaredangblingus@lemmy.dbzer0.comlinkfedilinkarrow-up3·2 years 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-up4·2 years 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.