Corporate Governance Reform - Ideas | 31 comments (31 topical, editorial, 0 hidden)

Re: One small corner of the problem : (none / 0)

I don't know enough about how stock exchanges are, in theory, supposed to work and be beneficial. I don't know enough about how stock exchanges are screwed up at the moment, beyond a general sense. So I can't really comment on this.

Having non-profit, government controlled exchanges sounds good, but that's just because I think "non-profit" and "government controlled" sound good in general. I honestly don't know why they would be better in this case.

by Zwackus on Mon Nov 14th, 2011 at 07:56:00 AM EST
[ Parent ]

Re: One small corner of the problem : (none / 1)

Exchanges provide an infrastructure service, and are a choke point for economic activity. These are two typical justifications for nationalisation.

But I think the urgency is greater for commodity exchanges than for stock exchanges. Everybody knows a stock exchange is a shark pool, so when consenting adults jump into the pool they are kinda asking for it. Whereas commodities exchanges are much more of a choke point for the real economy: A shipping company needs to be able to buy bunkering oil six months forward, because it needs to be able to plan its logistics six months ahead. So it has to participate in the commodities markets.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Mon Nov 14th, 2011 at 11:27:36 AM EST
[ Parent ]

Corporate Governance Reform - Ideas | 31 comments (31 topical, 0 editorial, 0 hidden)

Top Diaries

Ukraine is an EU candidate

EU Inflation and Russia Sanctions Timeline

Another referendum in Scotland?

Will Sinn Fein Bail Boris Out?

Between a Rock and a Hard Place

Chronicle of a Foretold Election: A Third Round?

The Teflon de Pfeffel Johnson

Merkel Defends Her Legacy and Russia Policy

Recent Diaries

NATO Plans Europe Troops Surge to War Strength

EU Inflation and Russia Sanctions Timeline

Ukraine is an EU candidate

Iran Nuclear Deal and Sanctions

Fascist Jewish Settlers Murder With Impunity

Thorstein Veblen on Leisure Class Government

Confronting Dark Colonial Past In Congo

America In the Age of the Big Lie

Kaliningrad

Five-Eyes Wanted to Rid America of Trump

Another referendum in Scotland?

Will Sinn Fein Bail Boris Out?

After 9/11 Vladimir Putin Was Hot In America

Catch 22: From Georgian War to Ukraine 2022

Between a Rock and a Hard Place

Energiewende and Liberal Policymakers In EU

Merkel Defends Her Legacy and Russia Policy

The Teflon de Pfeffel Johnson

Chronicle of a Foretold Election: A Third Round?

Spain Urges NATO Role Southern Flank

Occasional Series