Capitalist Irrationality: Stock Markets Rise; Growth Falls
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Capitalist News Interpreted /
16 Aug 2016
If capitalism had a semblance of rationality, there would be a relationship between the stock market and physical production. In other words, when production rose, the stock market rose; when production fell, the stock market fell. But not today. This article shows that the stock market has little to do with how productive the economy is.
About The Author
Barbara
Barbara MacLean has worked as an academic and career counselor at California State University, East Bay (CSUEB), Merritt and West Valley Colleges and as a career counselor and manager of the Oakland One Stop Career Center, a public career and jobs center in partnership with EDD. She is a co-founder and editor of Planning Beyond Capitalism.