An Idiot’s Guide for Understanding Economics: Wall street, stock markets and derivatives

The overwhelming majority of the Yankee population does not understand the stock market – and this includes most upper middle-class people. In this 50-minute interview, political economist Jack Rasmus talks about how stock markets work, what financial speculation is as well as what causes financial instabilities. Rasmus also shows how the stock market exists in a state of social schizophrenia within the real economy of goods and services.