Forum Post: Make Wall St obsolete in 1 yr using internet technology

The following idea only requires serious interest from about the same number of people as started Facebook or Google: three or four. The necessary skill level is the same as operating a blog. Though of course the more people and skill the better. These people and myself will be eligible for salaried positions in the resulting nonprofit entity pending success. (I only would ask twice minimum wage, but this is negotiable depending on skill level.)

I am currently launching several websites designed to make the stock market obsolete. Working alone this will take 5-10 years but if anyone wants to help it could be done in one year. If anyone is interested or wants to understand, please ask questions. (Or click on my name to send a private message.) Thank you.

The basic idea is this. Price Chopper wins extra customers by giving you 5c off of 10 gallons of gas when you buy $50 of groceries. But if Price Chopper were not a so-called "public (stock market) corporation," they might be able to give much more, because a so-called public corporation is legally required to return as little to the public as possible. Therefore, imagine if a nonprofit foundation started something like Price Chopper. This is the future.

I have skipped the details, pending response from people who understand or want to understand. Now I will outline briefly what I mean by making Wall Street obsolete in one year.

Starting a Price Chopper is not easy. However starting a Facebook, Google, Ebay or Amazon is relatively easy. These are highly successful corporations designed to siphon millions of dollars each week out of the public and into the stock market. And yet, their only important assets are their reputations and their software. Affordable imitations of the same software are readily available for start-ups and readily upgraded.

(Sorry if this offends Facebook-lovers. But I find it ironic that so many people working hard to protest Wall Street are using Facebook. An alternative could be created easily.)

Of course, there are hundreds of companies attempting to compete with Facebook, Google and Ebay. What they do not have, and what no stock market corporation can have, is a persuasive profit-sharing model. Who would search at Google--if instead by searching at Moorgo your family becomes eligible for emergency assistance. When this happens, Google will "attempt" to do the same, but like Price Chopper, can only do so to a token degree.

I do not know if Michael Moore is interested in endorsing a Moorgo. However, this is just an example. The point is that with celebrity endorsement, we achieve something like Newman's Own with an edge. At least one major internet corporation could be eclipsed by a nonprofit entity within one year. Without such endorsement, it will take longer but still succeed.

Once we have an Internet success--we will have the assets to buy up promising offline businesses and build something like a Moore Mart to compete with Wall Mart.

Final question. How does this "make Wall Street obsolete"? How does it "save the planet" or "save democracy" from the relentless expansion that is necessary to maintain the stock market? The answer is simple: this business model is not limited to serving nonprofit motives. Once this profit-sharing model is established, then the next time someone invents something like an Apple or a Google or a Facebook and is debating, "Shall we go public...?" There will be two alternatives...

1. Go people. Share with the public as if they are de facto partners, with full transparency. If your business concept is good, this guarantees you the loyalty of the buyers. You are much more likely to succeed and to make several million dollars. THE DOWNSIDE: you cannot have an I.P.O. and make a billion dollars.

2. Or, go public: the conventional stock market corporation. THE DOWNSIDE: one of your competitors might NOT go public. The moment that a competitor chooses the new people-sharing business model, the old-fashioned parasitic model is at a disadvantage.

Touché. The stock market is obsolete.

The question is, how exactly do we convince every user of Moorgo.com that we are working in his or her best interest? This of course is where things become slightly complex. I will be glad to discuss this with anyone who is interested. Send me a Private Message or reply here. Thank you.

You can also visit my blog: http://verhampshire.org/blog/alternatives-to-wall-street-2011.142

Note: the blog is for the general public. What you read here is a more advanced discussion.