like how can you think specialist investors are equivalent to an individual normie?

<a:E_:610580048231268362>

what's the purpose of the 'social bank' in this arrangement, besides being an extreme layer of paperwork

<:jew:297512475127971841>

well it depends, in some cases, there is no difference at all

have you ever fucking heard of a mutual fund

Yes, but you can exit a mutual fund

and that causes problems for the fund, depending on how big you are

and this is a mutual fund you cannot exit

that's not a mutual fund then

that's something else pretending to be a mutual fund

thats not my point

think harder idiot

why do people put money into a mutual fund

instead of investing it themselves

various reasons, sometimes hoping the fund managers are better than they are, sometimes for tax reasons or they have to as a vehicle, etc

mutual funds cover a huge range of activities

so which one do you think a socially owned bank would perform the function of

think hard

You can exit from mutual funds anytime on payment of exit load except closed ended mutual fund and tax saving (ELSS) mutual funds

Sped

That depends on the goal of the socially owned bank

why the fuck would a normie be able to invest their money better than a specialist investor

and what 'socially owned' really means

hint: they wouldnt

<:thisgay:588652395136024586>

not always about BETTER there are sometimes other reasons for being in a mutual fund than just doing it yourself, including friction, etc

Gotem

youve missed the point again

and mutual funds aren't the only kind of 'funds'

whats it like to constantly have points whooshing past your head

but regardless, this is only half the reason for socially owned banks which you cannot withdraw from

theres plenty of other reasons which your dumb fucking mind hasnt thought about yet

You haven't described any reason to have a 'social bank' yet

and when you are talking about a bank you are makign some assumptions about the monetary system, etc, which is a whole other can of worms

a) specialist investors perform better than clueless normies in markets
b) socially owned banks can have wider mandates than typical corporate mandates, such as regional development goals, a focus on restoring environment, etc
c) this isnt private, its social. its meant to include the whole of society mostly equally in the process of wealth accumulation as the economy grows

if there are some social welfare goals, the honest way to fund it is direct monetization

bruh

stop whitewashing

socially owned banks are clearly a way for these things to be achieved

and its broader than just a question of "welfare"