Last weekend, Portuguese voters went to the polls. The centre-right Democratic Alliance (AD) party won the most seats but far short of a majority. The far-right Chega party quadrupled its seats and emerged as controversial coalition kingmaker.
Now that you know how the rich are abusing the stock market to their advantage, and what it means for our economy, it’s time to figure out what we can do about it. But first, I’d like to add one last way in which stock markets have been undermined.
Yesterday we exposed how private equity and venture capital are front running you in the stockmarket. The 1% are using stockmarket listings as an exit strategy. They list their private companies to sell out of their exclusive gotten gains. This differs markedly from a stockmarket’s true purpose: to raise capital for companies trying to expand.