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Question By Real_News
Viewed: 1,357
8 months 1 week ago
8 months 1 week ago
We have most Unfair=Unfree Markets. What can we do about this?
Topics:
Finance, Entrepreneur, Credit | Loan
Going out of busines ...
Main Street shuttere ...
Going out of business on Main Street
Main Street shuttered
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While Big Wall Street based businesses have gotten Richer like always, during the Covid-19 Pandemic, as you can see from Wall Street hitting record Highs almost EVERY DAY resulting in: Wall Street billionaires get richer during coronavirus pandemic

At same time Small businesses, that is 99% of businesses, which are not Wall Street based, have gone out of Business by the Millions: Nearly half small-business owners fear coronavirus will close their operations by mid-2021

WHY? Because we have most Unfair=Unfree Markets, since Big Wall Street based businesses have access to just about any amount of Capital they want, from $100-Mill in Series-A, to Billions in an IPO, to even more Billions in secondary offerings, and they do no have to pay a cent of this Capital back since it is issued to them in exchange for Shares they print. OTOH, Small businesses, that is 99% of businesses, not Wall Street based, have NO access to any such capital and instead their only access to capital is by borrowing a relatively paltry sum, generally under $250K, which they have to pay back at high interest rates

So questions are:

1- How did Big Media get away with selling the notion that we have "Free Markets"?

2- What can we as concerned Citizens do about this incredibly Unfair=Unfree Markets? Which are leaving our (Main) Streets shuttered and in ruins?


P.S., For sake of full disclosure, I am one of the original founders of Anoox dedicated to goal of supporting Small businesses and Social causes
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