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The tree-shake and market maker #finance

Luddite:

a member of any of the bands of English workers who destroyed machinery, especially in cotton and woollen mills, which they believed was threatening their jobs (1811–16).

Luddites weren’t really against mechanisation. They were against low wages. The factory owners were keeping wages down because they needed high profits in order to mechanise and if they didn’t mechanise their competitors would and put them out of business. The answer to their dilemma,  of course, was to bring in investment from outside the company. We are now in a new era of mechanisation. The use of computer-controlled robots and artificial intelligence. Companies need investment and so the stock market is even more important now as in the early 19th century. Technology will tree-shake whole industries and some companies won’t make it.

Tree-shake is a term used by investors in the internet forums.

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