The perception of many is that financial markets are parasitic institutions that feed off the blood, sweat, and tears of the rest of us. The reality is far different. This book breaks free of traditional ideological arguments of the Right and Left and points to a new way of understanding and spreading the extraordinary wealth-generating capabilities of capitalism.
They suggest that the government should give green cards to all foreigners who come to America to study science, technology, engineering or maths. Some are more innovative. Exchange-traded investment funds, which have gone from nothing 10 years ago to a trillion-$ industry today, leave promising new companies vulnerable to the fickleness of high-frequency traders: so why not let them exclude themselves from such funds’ baskets of shares? SOX is reducing the supply of new companies in the name of protecting investors: so why not let smaller firms opt out of SOX so long as shareholders are duly warned? The authors also argue that university technology offices should lose their monopolies, giving professors more freedom to exploit their innovations.
Gregor J. Rothfuss 