>>21739594>The US stock market is worth around 60% of entire world's stocks which is the highest it has ever been and again, everyone treats this as normal.It is normal. The USA is the only country with a healthy relationship to the stock market. Everywhere else, public companies are public property (see VW asking for government permission to fire people) if not outright slush funds for politicians to siphon at any time.
Because of this, every company worth anything that wants to go public has to list in the USA. A German may invest in Germany, but he does it by buying TSLA which then builds a factory in Germany under US financial regulations. Because German financial regulations aren't worth the paper they're printed on (see Wirecard).
I do not mean to single out Germany here, the whole world does this. And the payoff for treating investors right is that the USA gets to tax the whole world's capital.
