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Cake day: January 13th, 2024

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  • Nighed@feddit.uktoAsk Lemmy@lemmy.worldWhat if we got rid of stocks?
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    13 days ago

    Even if we ignored the immediate collapse of the world economy, if you were starting from scratch how would you get anyone to take risks and put money/time into creating a business?

    Even if people did decide to do it, no banks would be able to lend to you (what banks? They need a massive amount of money to start) as they would have absolutely nothing as collateral.