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An Economy Built Around a Stock Market Is Certain to End Up Looking Like the Mess We Call America


#1

An Economy Built Around a Stock Market Is Certain to End Up Looking Like the Mess We Call America

Marshall Auerback

It’s part of the American experience to find yourself in an elevator, in an airplane terminal, or at home, looking at a screen with stock numbers whizzing by, and people yammering about how America is somewhere on the spectrum between wonderful or about to disintegrate because of a 5 percent swing in Boeing or Microsoft stock. How did we get to a national economic conversation that is dominated by chatter on the rise and fall of stocks, when it’s just a small part of economic life for most of the 300 million people who live in this country?


#2

This cannot be said often enough. If a lie repeated enough times become true??? Repeating the truth over and over again but it never hits lamestreet media.


#3

Value is the key. What is it? How do we measure it? Clearly Marx and others before him were right to focus on value and argue for a far broader definition.


#4

The Stock Market, or as I call it, our National Casino, where the house almost always wins.


#5

The problem is that we don’t value that which is valuable, but instead the shiny baubles.
One could say Marx and the others were prophets, not in the sense of religious prophecy, but in the way to see the road we were taking and what would be the pitfalls and the end of how our capitalism would wind up as.
When a person’s labor is not valued anymore, then of what value is the person? None is the answer. Which is why we are disposable. And why we are treated as disposable. Just cogs in the machine.
Unfortunately even long before capitalism, people have just been things to use by the rich. They just found a way to lie about how anyone can become rich if they only work hard and give their money to the master.