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- cross-posted to:
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This highlights how stock market plays a far bigger role in US economy than it does in China.
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One of the most destructive lies that was sold to the American public was that the stock market = economy. Line goes up means good. Even when you’re homeless, hungry, and sick.
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Ok, so fucking what? China could have no stock market whatsoever and still have a more productive and valuable economy than the US.
Right, I think this highlights how insane US economy is more than anything. The fact that stock market plays such a central role shows that the whole thing is a house of cards.
Stock market is totally legit and not a giant ponzi scheme. Specially vulture capital
Stock markets are to economics what bouncy castles are to architecture
Indeed
