Comment Re:You don't get how Wall Street works (Score 1) 163
[Wall Street] certainly works when taking a good company idea and getting investment needed for that company to grow and build more things. It also works pretty well when you want to mitigate risks associated with changes in things like raw material costs or certain business scenarios.
Crowd-sourcing is better.
FOSS is very good.
Before these and similar developments in SOHO bookkeeping and financial planning, capitalism was necessary. But just as Quicken, Peachtree, etc put probably a hundred thousand bookkeeping operations out of business in the last thirty years or so, so too do recent technological developments show the age of the capitalist is drawing to a close. Capital markets work with convenient fictions that we no longer need.