Cause this disconnect between the whole crashing global economy thing and the rising stock market is real frickin weird my guys

  • john_brown_adk [he/him]
    ·
    4 years ago

    No, this is capitalism working just fine. Remember that the stock market isn't a reflection of the economy, it's a reflection of the most concentrated part of the economy that's owned by the ultra rich. What you're seeing is an increasing consolidation of wealth by the 1% - which is what capitalism was designed to do

    • jack [he/him, comrade/them]
      ·
      4 years ago

      This is definitely a new phenomenon for the stock market and the real economy to be this disconnected. I think it's because all the true believer stock brokers realized that what they do really is just pure speculation and they can totally ignore the actual economy (as opposed to previous speculation where I think many of them believed the stock market in some way correlates with reality).