socially owned as in, the people of that region have equal, or near equal, levels of shares in it

and they cannot sell the shares

it's not a technical argument, it's arbitrary but i think it represents a big difference since having property rights in stock versus not being able to have them is a big deal

but this is literally a socialist system which has a stock market

so....

youre wrong

that's not really a stock market

that's a socialist govenrment pretending to have a stock market

how the fuck isnt a market of securities being openly traded by all banks not a "market of stocks"

its not a socialist govt

holy shit

these banks arent owned by the government

you said "they cannot sell the shares"

yes?

that's a big deal

it is

and its not govt owned shares

the banks arent government owned

theyre socially owned

whatever the arrangement is, if they can sell and 'dump it' they aren't really participating in a stock market

if they cant

and i said the people cant sell the shares they have of THEIR BANK

the shares of the stocks CAN BE SOLD

by the banks in question

that's what im talking about, in this case the bank is just a holding company, you can buy stock now in companies that also own stock

nothing unusual there

if you can't dump it, it's not a real stock market

but the stocks can be dumped

so

the stock market exists

the reason for this is fairly deep, it involves the psychology of being a real market participant versus being some sort of 'play actor' in a market

theres literally nothing stopping a stock going to 0 on this stock market

the idea of 'playing market' is old, it has some merit in some areas but for the purposes of DIVIDING between socialism and capitalism, it is on the other side

nice evadin the point

going to 0 is one thing. dumping your shares to get out is another

that's not evasion

banks can dump their shares

banks are literally playing a stock market

at some point, it comes down to an individual, if that erson can't get out, i think it's on the other side of the capitalist/socialist dividing line

bro

theres a market