Capitalist Irrationality: Stock Markets Rise; Growth Falls

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.

Read in WSWS

About Barbara MacLean

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.

View all posts by Barbara MacLean →

Leave a Reply

Your email address will not be published. Required fields are marked *