The neoliberal approach to handling a dire economic downturn may soon produce a political crisis, reminiscent of the debt crisis that led to Hitler’s rise 80 years ago. The political class seems to be taking note: the stark inequality reflected in the soaring stock market and shrinking paychecks is unsustainable.
The market economy in general is designed to exploit billions of us while a tiny number get ridiculously rich. It doesn’t care about the health or sustainability of our society as it facilitates the extraction of all the wealth and resources by sociopaths.
Maybe it makes me unsophisticated, but I don’t think about the stock market that much. I know that many say it’s the central nervous system of our economy. I know its estimated worth is around $30 trillion. And I know that when it tanks, the