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Wall Street is based on financial speculation & moving digits in databases, Main Street lives with real material constraints like gas prices at the pump & food
by measurablefunc 10mo ago
Wall Street is based on financial speculation & moving digits in databases, Main Street lives with real material constraints like gas prices at the pump & food prices at the grocery store instead of future contracts for oil barrels. Article talks about concentration of wealth in fewer corporations with deep pockets but that's again more moving of digits in databases instead of anything to do with physical constraints like declining EROI of fossil fuel deposits.