Financial Markets Operate in Their Own Interest

Georges Ugeux

A chapter in Wall Street’s Assault on Democracy, 2023, pp 99-115 from Springer

Abstract: Abstract The purpose and mission of financial markets is to facilitate exchanges between investors and issuers. This is their raison d’être. Over time, this objective has been diverted to make the interests of financial market participants a new raison d’être. They do not make money by serving the markets; they drive the markets to make money for them.

Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-29094-7_15

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DOI: 10.1007/978-3-031-29094-7_15

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