What happened on Thursday May 6 The New York Stock Exchange's listing on the New York Stock Exchange marks the beginning of a new era, the end of the Capitalism that marked our way of thinking since the 16th century. We are a fortunate generation because we have been lucky enough to experience a change that occurs every tens (hundreds) of generations. We are fortunate because we have in our hands the helm of the World, yes, of the World, because this change of era, unlike the previous ones, is global, it has a planetary character.
As a fan of the Internet, the people I talk to end up taking the word of the word to me. change to the word Internet and I do not see it that way, that is to say, the change is not the Internet, the Internet begins to accelerate the change and gives it a global character just as civil aviation does, but this change is not the Internet. This crisis, like those that caused the previous changes of era, is a crisis of values. We are not getting out of the economic crisis with a V, not even with a U because we do not believe in our capitalist model, because it is not working, because trust has been broken. And the economic crisis is only a part of the change we are going through, but it is the most reliable method at the moment to measure people's confidence.
On May 6 markets failedIt is not that people lost all confidence, it was because this system does not work, it no longer measures, it is no longer useful. The stock market was created to provide capital to the entrepreneur, to create or grow companies without resorting to debt or credit. The game was simple and logical; you wanted to create your company, you took it to the Stock Exchange, it was as if you sold a part of your participation in the company, you made your company a bigger pie and you kept a smaller portion. The person who put money in your company evaluated it well before participating in it, exchanged his money for a percentage of that pie and, in exchange, received every year a part of the profits that the company generated, a dividend. When the investor wanted to sell his stake, he offered it on the stock exchange, and the stock exchange provided an agile system for liquidating his stake. A system so agile that it became perverted in its agility, that it became promiscuity, which, together with indebtedness and speculation, degenerated into a tool that could not only outperform the companies themselves, but could outperform the governments themselves.
A speculator is someone who, if he were to disappear, the rest of us would not notice anything.