I’m looking for your deepest abstracted definition of the history and political nuance, the philosophical, the ethics, the evolved and historical meaning, and the meaningful impact it has had in evolving political structures and systems.
This is not ELI5, or a dumb question like “What is the stock market,” /s… It is a question of dumb contexts like: what is it really under the surface, or what is it in your opinion, or what is it in principal, or what is it used for as a justification for other parts of society?
People want to buy and sell portions of companies. Stock markets let them do that. Things like fractional shares and ETFs allow individual investors to invest more easily which is great, but it would be naive to think the big firms don’t have more of an advantage. People yap about the efficient market hypothesis a lot while forgetting that it’s a hypothesis. If someone can get an advantage they’ll do it. It’s still wide advice for newbies who think they r cracked the code lol but for reals big players can and do find opportunities to make money that other people don’t know about.