The Exchange is Dead, Long Live the Social Stock Market: Instead of a greed-led global arena, we need a place to raise finance for social enterprises

摘要

It's quiet now at Exchange Alley in the City of London, a dingy little backwater near Bank underground station. But 300 years ago, this was the place where eager brokers and jobbers gathered to gulp coffee and swap share tips, before the London StockExchange (LSE) was formally established in 1773. Yet, if it's not careful, it could soon be game over for the Stock Exchange itself. Although it has just managed to fend off the latest in a series of takeover assaults - this time from New York's technology market, NASDAQ - the raiders will be back. More disturbing perhaps than the impending surrender of its autonomy, however, is the loss of its very reason for being, caught in a pincer of technological erosion and growing doubts over its social purpose.