Posted 2 years ago on March 18, 2020, 1:30 p.m. EST by agkaiser
from Fredericksburg, TX
This content is user submitted and not an official statement
How do post issue stock trades contribute to production of material goods and services? What percentage of Wall St activity is reselling stocks that have only an historic (non monetary) connection to the original issuer? Are most increases in the price of stocks unconnected to the entity that issued them and provide no money to grow the capital of that organization?
How does a stock market crash affect the real economy of production, distribution and consumption? What is the connection? Is it because the owners of capital fear to risk their assets, idle their factories, quit paying employees and so the real economy follows the abstract economy of finance into recession?
What physical reason is there to idle factories and workers when the market crashes? Why must we suffer want and put survival at risk because the owners of capital won't hazard their holdings?
If worker/consumers have money to buy products, will the owners of capital restart material production and pay their workers who will then have money to buy the products?
Are Americans morons for putting up with this shit? Are we fools for allowing the owners to put our lives and the lives of our children at risk in order to protect their property?
And the craziest part of all is that the cumulative effect of all the owners acting is the same way to protect their property is that all their property loses its value. But we're the ones who will lose our lives, to protect their property rights!
How much can we tax the owners so we can set up our own production and distribution of critical goods and services?