I think the stock market is pure evil. The only way companies can reach a high valuation is by either becoming monopolies, or convincing the investors they can become one.
This leads to all sorts of anticompetitive behaviors on their part.
The stock market is not pure evil. Private equity (which usually means the same thing as a leveraged buyout) is mostly evil. Hedge funds are mostly evil. Crypto, now that's pure evil.
This leads to all sorts of anticompetitive behaviors on their part.