Quote:
Originally Posted by Radar
The stock market...and ALL markets could easily exist and would thrive without any government intervention or regulation and would make sure that all trades were fair and equitable because they would be voluntary.
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Wow. Attitudes that underly Marxist socialism - from Radar. If Radar has posted accurately, then no stock market ever need exist. We are all honest and equal. We all treat one another with equality and impartiality every time. Stocks would be traded freely on any street without all that market regulation. That only possible if we all live according to principles that permit Marxist socialism.
Why do stock markets exist? Trading of stocks on the street, as in Radar's model, never works. Stocks need a controlled environment (NASDAQ, LSE, the Frankfort Exchange, etc) because stock exchanges only work in the safe and well defined environment of regulated exchanges. Radar says none of the world stock markets need exist. We don't need brokers. We don't need regulations and laws. We don't need all that bureacracy. The problem with this Radar world: stock markets exist because those standards, control and regulation are necessary. Without regulations of markets, then anarchy would reign.
There is a fine line between too much regulation and insufficient regulation. So we have numerous financial instruments with various types of regulation. But in every case, some regulation and laws are always required. No way around that imposed 'level playing field' to make free market economies work.