"stock markets" is wall street slang for what is more descriptively termed the equity market
when the owner of a business wishes to increase its capacity to produce, one option is to sell a fraction of its future earnings in exchange for cash or some other property
in return, an investor receives equity
equity is a measure of one's ownership as it relates to a property's total ownership, and its units are fractions, not "stock"
systemaccounting does not recognize exchanges such as the nasdaq, nyse or lse as useful markets in a modern civilization because they provide 1) inadequate market coverage due to their high exclusivity, and 2) zero access to the primary market for equity—the more significant market involved in the growth of an economy
once equity travels its way down to the secondary market, its purchase no longer represents some courageous allocation of capital where an opportunity of spacetime-arbitrage is seized to service the demand for goods & services more efficiently in a later time-coordinate
rather, the equity purchase becomes an instrument for speculation in an idle scheme made possible by imbalanced access to information among traders in the same time-coordinate
equity's value does not tend to be justified by receiving the anticipated future earnings of a business in secondary markets, but by the ability of traders to manipulate its resale price using a media industry in service to fallacy
as the resale value of property becomes more important than its endogenous ability to add value, emphasis on the property's usefulness declines until someone eventually discovers, net of any negligible dividends, they owned little more than a false promise issued by middlemen instead of a growing economy
assuming the owner of a business does wish to exploit the highly unjustified resale values achieved in the secondary equity market, they must still pay a tremendous price to multiple lawyers, regulators, and "investment bankers" (misnomer) for the sale to become legal
several months may pass before completing an initial sale of equity in the primary market
only after the sale is complete in the primary market is equity sold to the highest bidder in the secondary market
in systemaccounting, a user has only to press a single button to publish their earnings
in the time required to chat a smiley on a social media site, a 17 year old female developer experimenting with a new idea in the suburbs can easily signal to the capital market where the next compelling internet business opportunity is located
seconds go by as a flood of emails and phone calls are received from investors all over the world who have located her through her various integrated online profiles
after half an hour, the developer decides to accept the highest bid of $150,000.00 into an account that automatically pays 10% of the project's profits every 30 days
no "stocks", no lawyers, no accountants, no "investment bankers", no brokers
a spirited, young entrepreneur required extra money for additional servers, and since systemaccounting recorded transaction data proving her business was worth the risk, a deal was completed within minutes
shortly thereafter, the young developer was called down to dinner by her parents, none of which was shared with firms that profit from an inefficient market