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If you're an elite you want to tie the fortunes of the wider population to your own. It's a good way to secure your position. The stock market doesnt keep goin
by pydry 5y ago
If you're an elite you want to tie the fortunes of the wider population to your own. It's a good way to secure your position.
The stock market doesnt keep going up because of the economy. It does so because of politics.
- imtringued 5y agoWhat? The US economy is still growing pretty quickly compared to Europe.
- FredPret 5y agoMaybe it goes up because the businesses it represents keep making more money? And they make more and more money thanks to the exponential forward march of technology, thanks in part to the people on this forum. This has held true through thick and thin from the Industrial Revolution on
- disambiguation 5y agolet's be sure to also give thanks to inflation and cheap over seas labor!
- FredPret 5y agoInflation causes a rise yes but profits have been going up even faster. That cheap labour isn’t so cheap anymore either, all those Eastern sweatshops are starting to compete for workers, driving wages up