Silver Lining in the Midst of Financial Turmoil: Cheap Oil Benefits the 99%

When there are stable, decent paying jobs, any rational person would think that means the economy is good. But for stock brokers, this is a bad sign. So too, as this article points out, when oil prices are low, non-elites do better, but the capitalists who invest in oil are doing badly. Now we need to keep our eyes on the prize: the real physical economy, not the stock market!

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Photo: Alamy

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.

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