I have an oppressive communist country which doesn't have any free speech, secret police, a new supreme leader every few decades and obviously, a planned economy.
But somehow, the country is still very prosperous and self reliant. Markets are always well stocked, so you can pick and choose your meals within a certain amount of products, most families have their own free houses, there's no homelessness (although they are forced to get jobs if possible, unless severe disability) and people who do only work for 8 hours a day at max, even high ranking officials. Also there's a 3 day weekend plus 8 weeks vacation (18 for students).
The only problem is, music sucks (music needs to be approved by the government as "culturally enriching"), TV sucks (most TV personalities are friends and family for the leader), porn, tobacco, most alcohol (only beer only Sundays),drugs and smartphones are illegal, so are fattening foods such as fries, chips, sweets and other unhealthy foods, video games are only legal in arcades which are only open Saturday evenings.
Also in order to be anything more than a factory worker, farmer or service job, you have to be selected as "gifted" at 16 years old. Your job is selected for you and unless otherwise specified, you'll be doing it until retirement at 50. The gifted are also the only ones with access to the firewalled internet.
So this is a prosperous country full of well fed people with plenty of free time yet nothing to spend it on. So over time a prosperous black market has been established with its own currency (not sure how that's supposed to work yet, tiny specks of gold?) Where most things are smuggled in from more free countries, mostly this worlds equivalent to the US, or produced domestically in secret.
The most popular item by far are old smartphones, since its very easy to share files such as porn, movies, etc with them. A lot of Americans freely donate their old device to smugglers.
And when I say prosperous black market I mean its so gigantic that its cartels have started arming its own militia to protect its businesses from the government.
Now I had a new idea. Wouldn't a market like that profit from foreign investors or domestic investment from cartel leaders?
Can a stock market exist without protection from the government? If so how are rules for short sales or options enforced?
Would it even make sense for a black market to have a stock exchange?