ckrob's picture
ckrob 7 years 1 week ago

There are, at least, two kinds of capitalism. There is a) productive capitalism and b) paper capitalism. The U.S. system has shipped the productive part abroad and now majors in piling paper (illusory) assets as high as possible before the pile collapses. Let's always clarify which type we're talking about rather than conflating the two meanings. The stock market is a lousy measure of how our nation is functioning!

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