Kim Spence-Jones 🇬🇧😷21h ago
Richard Murphy
The stock market increases inequality, not wealth https://www.taxresearch.org.uk/Blog/2026/04/09/the-stock-market-increases-inequality-not-wealth/
The stock market increases inequality, not wealth

Those who peddle narratives that have little relevance to reality about the benefits of supposed saving in UK stock exchange-based shares and securities are back in action. As the FT notes today: Asset managers have been urged to drop “boilerplate” risk warnings in favour of more balanced explanations of the pros...

Funding the Future
Apr 9 at 8:01amWeb
Show threadPaul Healey19h ago
@RichardJMurphy Well written Richard. To sum up, the primary market is not producing enough investment and job creation because the secondary market fuels inequality for shareholders. It’s like no one should trust a gang of criminals to run a locale street market, so why trust those who manage global financial markets to run a negative-sum game?
Show threadAndy Dearden18h ago
@RichardJMurphy Yes - but ... does this analysis need to distinguish between trading stocks and issuing/trading corporate bonds? - and do we know the relative scales of these two markets? Of course RReeves and other politicians make no effort to distinguish these either?