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unixronin: Galen the technomage, from Babylon 5: Crusade (Default)
Unixronin

December 2012

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July 30th, 2009

unixronin: Rodin's Thinker (Thinker)
Thursday, July 30th, 2009 04:33 pm

The Geek with a .45 explains why the stock market in its current form no longer fosters investment.  When there is no real-world correlation between a company’s stock valuation and its actual ability to create value, when the board and the senior executives sit behind closed doors ignoring the running of the company while they brainstorm ways to game the system for their own gain and it works, when corporate execs can get rich on the stock market by running a formerly going concern into the ground, the stock market has become nothing more than a form of gambling for its own end.