• 2 Posts
  • 217 Comments
Joined 1 year ago
cake
Cake day: January 13th, 2024

help-circle

  • Nighed@feddit.uktoAsk Lemmy@lemmy.worldWhat if we got rid of stocks?
    link
    fedilink
    English
    arrow-up
    34
    arrow-down
    4
    ·
    17 hours ago

    Even if we ignored the immediate collapse of the world economy, if you were starting from scratch how would you get anyone to take risks and put money/time into creating a business?

    Even if people did decide to do it, no banks would be able to lend to you (what banks? They need a massive amount of money to start) as they would have absolutely nothing as collateral.