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by MperorM
1928 days ago
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How is that perverted? Shorting a stock is fundamentally no different than other types of debt. Imagine an economy of 3 people, A, B and C. A has $5. B borrows $5 from A. C borrows $5 from B. A borrows $5 form C. The economy started with $5 and $0 debt, the economy ends with $5 and $15 debt. Despite the fact that the society's total debt is now 300% the size of its economy, it is no different than how it started. Debt isn't inherently bad. Debt is a tool that allows us to collaborate. |
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