It’s time to reinvent the stockmarket

The free market is very good at replacing old business models that no longer work, says Matthew Lynn. Stockmarkets could become the latest example.

868-LSE-1795-634

Exchanges need to enter the modern world
(Image credit: City of London / Heritage-Images)

In the past year, several new stock exchanges have sprouted up. A group of Silicon Valley tycoons has announced plans to set up the Long-Term Stock Exchange, which will reward investors with more votes the longer they hold shares, with the aim of countering short-termism in business. In this country, the crowd-funding company Seedrs launched a secondary market, allowing investors to buy and sell shares in the businesses that have raised capital on the platform.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
Matthew Lynn

Matthew Lynn is a columnist for Bloomberg, and writes weekly commentary syndicated in papers such as the Daily Telegraph, Die Welt, the Sydney Morning Herald, the South China Morning Post and the Miami Herald. He is also an associate editor of Spectator Business, and a regular contributor to The Spectator. Before that, he worked for the business section of the Sunday Times for ten years. 

He has written books on finance and financial topics, including Bust: Greece, The Euro and The Sovereign Debt Crisis and The Long Depression: The Slump of 2008 to 2031. Matthew is also the author of the Death Force series of military thrillers and the founder of Lume Books, an independent publisher.