WALL STREET


Lears, Jackson (2005) The magicians of money NEW REPUBLIC, 6/20, 35-39.


Wall Street throughout American history has been looked upon with suspicion. After the crash of 29’ most stayed out of the market, placing their money in production rather than speculation. It was not until 1961 that investors matched the mark of investors in terms of numbers of the 20’s. Since then the market has been swaying up and down but reached new highs in the last 25 years.

At the bottom of things, the market is a gamble even though scientific jargon has been added to the hustle. Most investors now are there indirectly through various plans, pensions, funds and the like.

Laissez-faire capitalism has captured the culture, Christianity, and the political parties. The Democratic Party is struggling even though numerous scandals have emerged from the right.

 

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