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In reply to the discussion: True or False - The Stock Market is a Scam [View all]moondust
(20,971 posts)And I believe that is more common than people think. But it would probably take a small army of dedicated gubmint workers to police it so that ain't gonna happen. I suspect there may be quite a bit of organized crime gaming the markets because it's easier and more profitable to cheat on Wall Street than in Las Vegas.
I wouldn't care what happens on Wall Street if only it had remained a private little gambling pastime for the idle rich. But they dragged too much of the U.S. economy into it: promoting corporatization and pushing corporations to rape, pillage, and plunder in the endless pursuit of profits and growth, sucking up people's pensions, trying to suck up Social Security and any other big pile of money they can find, leading to mergers and acquisitions such that some companies become too big to hold accountable and there is not enough competition left to benefit consumers or workers, etc.
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