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Capital Mobility
It would be beneficial to require shareholders to hold their shares for at least four years. Currently, capital mobility is such that it is possible to buy shares and resell them within the same day with just a few clicks. Computers are programmed to carry out these transactions. This has serious consequences. In the vast…
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Financialization, deregulation and securitization transactions
Before the 1980s, banks couldn’t use people’s deposits as collateral for investments. Banks were not allowed to use their customers’ deposits to invest them. Up until the early 1980s, when you owned a share in a company, a building or a field and wanted to buy or sell other shares, the state levied transfer duties.…