THE EVIL ORIGIN OF THE STOCK MARKET
The stock market was developed in the early 1600’s by the Dutch to minimize individual risk regarding investing in individual companies.
For example: Paying $100 for a slave ship and crew back then to kidnap 300 Africans (where on average only a third would survive) would gross a thousand dollars.
100 enslaved Africans sold at $10 each (on avg)= $1,000. Did you catch that ‘only a third would survive’ part?
Anyway, that’s a thousand percent return on your investment. $100 x (1000%) or 10.0 = $1,000. (To calculate percentage, move the decimal to the left 2 spaces. So 1,000% is 10).
Of course, what they invested in was pure evil - enslaving other human beings - but it’s not like they chained them up and kept them in the cargo hold packed like living sardines for however many months the return trip took.
It’s not like they had to watch 2/3rds of them perish in their own filth then chuck the bodies overboard. And they didn’t even have to buy them for plantations and work them, breed them, punish them, brand, rape, degrade and lynch them; separate the babies from their parents or manage the slave-catching when they sometimes escaped.
It was like an evil vending machine; put $100 in, evil happened, and out spits $1,000. Whatever horrors happened in the machine stayed in the machine and if you didn’t look too closely, denial kept your conscience untouched.
And the stories and mythos they had to come up with to support said denial is legendary - even to this day. But again I digress. Back to the creation of a the stock market.
So there was a problem, (besides the evil I mean). You see, every now and then, the Africans would manage to take over the ship and BURN THAT MOTHER DOWN, killing both themselves and their kidnappers.
And if they happened to invest their $100 into that one ship, then they would get nothing back for their money. And if 3 out of 10 ships went down, then they had a 30% chance of losing their entire $100 investment. And that was a risk.
Then along comes the Dutch with their ingenious stock market idea. Instead of investing $100 in one ship, why not take that 100 and spread it out over 10 ships? This would greatly minimize the risk. Let’s do the math together, shall we?
$10 of their money invested in 10 ships means that even if 3 ships go down, they still make a killing off of the other 7. So now 7 ships return with 100 kidnapped Africans sold at a public auction, (criminalizing the entire government legitimizing the evil) at $10 per human is 7 ships x 100 people x sold at $10 per person or $7,000.
So now instead of getting $1,000 for a $100 investment, they get 10% of $7,000 or $700 (remember the percentage trick of moving the decimal over 2 to the left so 7,000 x .10 = $700. Not a thousand dollars but the risk is practically zero.
And that’s how the stock market was born and evil became incorporated. Now is investing in stocks evil? No. But we need to know the history and evil origins.
Be well.
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