Stock Market

1. The various types of borrowers, WILO compete for the limited supply of credit, evoke very different sentiments among critical observers of the economic system.The class of borrowers which is least sympathetically regarded by the critics is that which uses the purchasing power, put at its disposal, on the stock exchange. This is not surprising considering the exchange attitude adopted by a large section of the community towards stock exchanges, towards the business that is transacted thereon, and towards the people who frequent them. In so far as this is the mere expression of the resentment of the general public toward the "easy" and "effortless" gains of traders on the stock exchange, or the contempt of the moralists for "unscrupulous" speculation or even the lack of respect of naive economic politicians for every kind of activity which is unproductive in a technical-physical sense, there is no scientific problem involved.