This is a really dumb way of looking at it. Capital markets are a tool - they are a means, not an end. They are a tool society uses to allocate resources in a sane, equitable, and efficient way. To the extent they accomplish this (and they generally do a rather great job at it), they are a useful tool. To the extent they don't, we are justified in altering the way they function so as to achieve the results we desire. They are an organizational strategy, nothing more.
What they are certainly not, is some higher order of intelligence or ideal that we humans just have to learn to live with, or else. The stock market may not owe me anything, but it certainly owes us something, or we wouldn't use it.
What they are certainly not, is some higher order of intelligence or ideal that we humans just have to learn to live with, or else. The stock market may not owe me anything, but it certainly owes us something, or we wouldn't use it.