Academia is a collective term for the scientific and cultural community engaged in higher education and peer-reviewed research, taken as a whole.

--Wikipedia

And when I do that, starting later this year in The Bahamas, you will see that I will correct and forevermore change the description of buy-side in Wikipedia.

Buy side firms do not have direct access to stock exchanges, but trade through Sell side firms.

--Wikipedia

Yes that will change. The capital market is not the eminent domain of the sell side. The franchise bestowed by the U.S. government by virtue of the Securities Act of 1933 and the Securities Exchange Act of 1934, and blindly copied by jurisdictions everywhere, will come to an end.

That is the reason why, in this blog, I am on a mission for We The People.

We the owners and managers of capital need to be freed of the shackles financial services dealer banks. And in time we will.

The People were marched into slavery in the Great Depression, "symbolically, ideologically, and physically" by virtue of that U.S. securities legislation of 1933 and 1934, and by the walls of the dealer fortress known as the NYSE.

Now we are the wiser for it. We have watched how our supposed servant who managed the not-for-profit NYSE could use his friendly Gnomes and Global Bankers to take from the People a compensation of almost $200 million in a single year.

Oh yes, the People paid for all of that. We paid for it through unconscionably high fees charged to us for using the trading data that is, and has always been, ours in any event. So I call it theft of the People's assets, and Eliot Spitzer obviously agrees.

In this fight that is being played out in a New York hearing room, just understand who is bringing you play-by-play (e.g., CNBC) and who controls CNBC (GE, which is ironically the king of both the industrial and financial services sectors), and who ensures the success of the CNBC business model (the Gnomes and Global Bankers who control the industrial and financial services corporations).

Is it any wonder why the People have been misled?

It is only a matter of time, I believe, before the People take back control of capital markets from the dealer banks. Knowledge will be our power. The digital world will be our facilitator.

People's capitalism is now on the march down the information superhighway and as surely as the Iron Curtain crumbled quickly, so too will the totally conflicted financial system that stands in front of us today.

Isn't it strange how free-thinking academians are always at the center of change? This is true and it's the reason for my interest in building a modern university where the owners and managers of capital (We The People) build a community of common interests that will ultimately work best for people's capitalism.

Lest you think I practice socialism, think again. Yes, in the financial system which I want the People to build, there will be no $100-$200 hundred million employment compensation packages, but if properly structured for long-term results there may be $1 billion payouts to those persons that have directly added greater value to the owners of capital.

So I am not advocating anti-capitalism whatsoever. I simply want the People to have the freedom to live in a neo-capitalist system where conflicts of interest, other than fair competition by the owners of capital, and their managers, are basically eliminated.