The stock market IS a ponzi scheme, and the embodiment or everything that’s wrong with capitalism. It encourages greed and drives enshittification. It’s a system by the wealthy, for the wealthy (like 90% of stock is owned by the richest 10%, and most of that is owned by the top 0.1%). Expectations of infinite growth on a planet with finite resources is insane.
Most of the human population would prefer (and benefit from) less greed, less enshitification, cheaper housing, cheaper groceries, cheaper products — than the possibility to own a share of evilcorp.
The stock market IS a ponzi scheme, and the embodiment or everything that’s wrong with capitalism. It encourages greed and drives enshittification. It’s a system by the wealthy, for the wealthy (like 90% of stock is owned by the richest 10%, and most of that is owned by the top 0.1%). Expectations of infinite growth on a planet with finite resources is insane.
Most of the human population would prefer (and benefit from) less greed, less enshitification, cheaper housing, cheaper groceries, cheaper products — than the possibility to own a share of evilcorp.