Monday, September 21, 2020

Stock Markets And The Illusion Of Wealth

 The more the environment is degraded and polluted, the more is lost collectively. The center of wealth is believed to be stock markets, not the health of the environment or anything else. Stock markets rise as the world deteriorates. There is a difference between individual wealth and collective wealth. Ultimately, collective wealth, not individual wealth, shapes our future.

 Enormous energy and effort goes into stock markets. Much depends on it continued ascent. Our pensions, our economic stability, our economic futures. Labor has long been devalued while speculation gets rewarded. The stock market rises as the environment and life for billions deteriorates. The consequence of making the stock market the only game in town and the definer of wealth is not beneficial, to say the least.



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