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If stock markets did not exist, how would this affect the world?

If stock trading was shut down and made illegal what would the outcome be for the world & society?

If stock markets did not exist, how would this affect the world? If stock trading was shut down and made illegal what would the outcome be for the world & society?

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The stock market existed before the SEC. The SEC was created to stop that fraud. The SEC can just as easily regulate inventing outside of the stock markets.