It is an inevitable result of an investment market organised along the lines described.

这是按照上述思路组织的投资市场的必然结果。

This is the inevitable result of investment markets organised with a view to so-called 'liquidity'.

这是为了所谓的“流动性”而组织的投资市场的必然结果。

As the organisation of investment markets improves, the risk of the predominance of speculation does, however, increase.

然而，随着投资市场组织的改善， 投机占主导地位的风险确实增加了。

But we must also add that there are several factors which jeopardise the predominance of such individuals in modern investment markets.

但我们还必须补充说， 有几个因素会危及这些人在现代投资市场中的主导地位。

In one of the greatest investment markets in the world, namely, New York, the influence of speculation (in the above sense) is enormous.

在世界上最大的投资市场之一， 即纽约，投机（在上述意义上）的影响是巨大的。

But that's very different from the passive investment market, which is such a huge part of it now, and that's where most people, you know, the average person has their money.

CH：但这与被动投资市场截然不同，被动投资市场现在占了很大一部分， 这是大多数人， 你知道的，普通人有钱的地方。

In conditions of laissez-faire the avoidance of wide fluctuations in employment may, therefore, prove impossible without a far-reaching change in the psychology of investment markets such as there is no reason to expect.

因此，在自由放任的条件下，如果投资市场的心理不发生深远的变化，那么避免就业的大幅波动可能是不可能的，这种变化是没有理由预期的。

Coupled with the fact that when you look at the economy, and economic issues, you see that Iran is today, also, because of its population and resources, it is the world's, you might say, foreign investment market.

通过伊朗经济你会看到，由于人口和资源，如今的伊朗是一个外商投资市场。

But a little consideration of this expedient brings us up against a dilemma, and shows us how the liquidity of investment markets often facilitates, though it sometimes impedes, the course of new investment.

但稍微考虑一下这个权宜之计，我们就会陷入困境，并向我们展示投资市场的流动性如何经常促进（尽管有时会阻碍）新投资的进程。

These tendencies are a scarcely avoidable outcome of our having successfully organised 'liquid' investment markets. It is usually agreed that casinos should, in the public interest, be inaccessible and expensive. And perhaps the same is true of stock exchanges.

这些趋势是我们成功组织“流动性”投​​资市场的必然结果。人们通常认为，为了公众利益，赌场应该是难以进入且昂贵的。也许证券交易所也是如此。