We are taught to believe that the state of the stock market measures the wealth of a society. Then why is it that when workers make more money, stocks drop? Why is it that when a peace treaty is signed, stocks drop? In fact, the stock market of finance capital has little or nothing to do with the real physical economy. For the ruling class (1%) and the upper middle-class (10%), stocks matter. Why? Because the top 10% of the population owns 80% of the stock. On the other hand, 50% of the people own 1% of the stocks.
Read in The Intercept
