Stocks / Shares

comment by The Mighty Tottenham Hotspur. (U7858)
posted 9 minutes ago
comment by rosso is done with this (U17054)
posted 10 minutes ago
Never done it, never will.

There are fundamental ethical responsibility issues for society arising from the concept of publicly trading stocks.

The mechanism allows, and it can be argued even requires, a situation designed to put an amoral profit motive above any moral consideration, and certainly leads to the lack of accountable parties for immoral corporate activity.

It’s a mechanism that ultimately undermines the value of useful labour in more ways than one, and legitimises the diversion of the fruits of labour away from the worker to the middle and landed classes.
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There are ethical funds you can invest in:

https://www.moneyobserver.com/news/top-10-most-popular-ethical-funds-2019

and of course there is nothing to stop you from donating any gains to the charities of your choice
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It’s the concept of a publicly-trading marketplace I’m against, not people’s particular choices as to where they’re pushing and pulling their money.

I believe there are much better models and practices for rewarding those who actually create value - namely end workers.

On a side note and I have no idea whether this makes any sense but perhaps legislation should exist to say any amount paid out in dividends each year should be matched by "a rainy fund" being held back.

So obviously that means your dividend payout would always be half the size but at least companies have something to fall back on and lowly staff might be a bit more secure in times of trouble.

The global stock exchange is morally pretty questionable imo.

comment by rosso is done with this (U17054)
posted 1 hour, 47 minutes ago
Never done it, never will.

There are fundamental ethical responsibility issues for society arising from the concept of publicly trading stocks.

The mechanism allows, and it can be argued even requires, a situation designed to put an amoral profit motive above any moral consideration, and certainly leads to the lack of accountable parties for immoral corporate activity.

It’s a mechanism that ultimately undermines the value of useful labour in more ways than one, and legitimises the diversion of the fruits of labour away from the worker to the middle and landed classes.
----------------------------------------------------------------------
My wife shares your view.

comment by Admin1 (U1)
posted 26 minutes ago
comment by rosso is done with this (U17054)
posted 1 hour, 47 minutes ago
Never done it, never will.

There are fundamental ethical responsibility issues for society arising from the concept of publicly trading stocks.

The mechanism allows, and it can be argued even requires, a situation designed to put an amoral profit motive above any moral consideration, and certainly leads to the lack of accountable parties for immoral corporate activity.

It’s a mechanism that ultimately undermines the value of useful labour in more ways than one, and legitimises the diversion of the fruits of labour away from the worker to the middle and landed classes.
----------------------------------------------------------------------
My wife shares your view.
----------------------------------------------------------------------
For what it’s worth, I think we’re in the minority

It’s a complicated argument, whichever way you swing. I appreciate that, and very much respect others opinions on the matter.

comment by Admin1 (U1)
posted 25 minutes ago
comment by rosso is done with this (U17054)
posted 1 hour, 47 minutes ago
Never done it, never will.

There are fundamental ethical responsibility issues for society arising from the concept of publicly trading stocks.

The mechanism allows, and it can be argued even requires, a situation designed to put an amoral profit motive above any moral consideration, and certainly leads to the lack of accountable parties for immoral corporate activity.

It’s a mechanism that ultimately undermines the value of useful labour in more ways than one, and legitimises the diversion of the fruits of labour away from the worker to the middle and landed classes.
----------------------------------------------------------------------
My wife shares your view.
----------------------------------------------------------------------
Makes sense to me. As has been pointed out, we live in a world of finite resources with a system dependent on infinite growth.The Companies depend on constant growth or their share/stock goes bust.

Its like having a gun to your head. Do it or die. So companies will always chose to do it.

comment by rosso is done with this (U17054)
posted 4 hours, 25 minutes ago
comment by The Mighty Tottenham Hotspur. (U7858)
posted 9 minutes ago
comment by rosso is done with this (U17054)
posted 10 minutes ago
Never done it, never will.

There are fundamental ethical responsibility issues for society arising from the concept of publicly trading stocks.

The mechanism allows, and it can be argued even requires, a situation designed to put an amoral profit motive above any moral consideration, and certainly leads to the lack of accountable parties for immoral corporate activity.

It’s a mechanism that ultimately undermines the value of useful labour in more ways than one, and legitimises the diversion of the fruits of labour away from the worker to the middle and landed classes.
----------------------------------------------------------------------
There are ethical funds you can invest in:

https://www.moneyobserver.com/news/top-10-most-popular-ethical-funds-2019

and of course there is nothing to stop you from donating any gains to the charities of your choice
----------------------------------------------------------------------
It’s the concept of a publicly-trading marketplace I’m against, not people’s particular choices as to where they’re pushing and pulling their money.

I believe there are much better models and practices for rewarding those who actually create value - namely end workers.
----------------------------------------------------------------------

Completely and utterly flawed !

comment by Scouze Doggie Dog (U22357)
posted 2 hours, 39 minutes ago
comment by Admin1 (U1)
posted 25 minutes ago
comment by rosso is done with this (U17054)
posted 1 hour, 47 minutes ago
Never done it, never will.

There are fundamental ethical responsibility issues for society arising from the concept of publicly trading stocks.

The mechanism allows, and it can be argued even requires, a situation designed to put an amoral profit motive above any moral consideration, and certainly leads to the lack of accountable parties for immoral corporate activity.

It’s a mechanism that ultimately undermines the value of useful labour in more ways than one, and legitimises the diversion of the fruits of labour away from the worker to the middle and landed classes.
----------------------------------------------------------------------
My wife shares your view.
----------------------------------------------------------------------
Makes sense to me. As has been pointed out, we live in a world of finite resources with a system dependent on infinite growth.The Companies depend on constant growth or their share/stock goes bust.

Its like having a gun to your head. Do it or die. So companies will always chose to do it.
----------------------------------------------------------------------

We are a planet of growing numbers of comsumers (although Covid may thrown a spanner in those wheels)

comment by Admin1 (U1)
posted 7 hours, 13 minutes ago
comment by rosso is done with this (U17054)
posted 1 hour, 47 minutes ago
Never done it, never will.

There are fundamental ethical responsibility issues for society arising from the concept of publicly trading stocks.

The mechanism allows, and it can be argued even requires, a situation designed to put an amoral profit motive above any moral consideration, and certainly leads to the lack of accountable parties for immoral corporate activity.

It’s a mechanism that ultimately undermines the value of useful labour in more ways than one, and legitimises the diversion of the fruits of labour away from the worker to the middle and landed classes.
----------------------------------------------------------------------
My wife shares your view.
----------------------------------------------------------------------
By God so do I

comment by Galvin☮️ (U22360)
posted 2 hours, 29 minutes ago
comment by Admin1 (U1)
posted 7 hours, 13 minutes ago
comment by rosso is done with this (U17054)
posted 1 hour, 47 minutes ago
Never done it, never will.

There are fundamental ethical responsibility issues for society arising from the concept of publicly trading stocks.

The mechanism allows, and it can be argued even requires, a situation designed to put an amoral profit motive above any moral consideration, and certainly leads to the lack of accountable parties for immoral corporate activity.

It’s a mechanism that ultimately undermines the value of useful labour in more ways than one, and legitimises the diversion of the fruits of labour away from the worker to the middle and landed classes.
----------------------------------------------------------------------
My wife shares your view.
----------------------------------------------------------------------
By God so do I
----------------------------------------------------------------------
Galv

I imagine a lot of people feel this way really