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This highlights how stock market plays a far bigger role in US economy than it does in China.

https://archive.ph/xx9j0

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[-] bunbun@lemmygrad.ml 22 points 5 months ago

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.

[-] yogthos@lemmygrad.ml 11 points 5 months ago
[-] cfgaussian@lemmygrad.ml 21 points 5 months ago

Ok, so fucking what? China could have no stock market whatsoever and still have a more productive and valuable economy than the US.

[-] yogthos@lemmygrad.ml 20 points 5 months ago

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.

[-] FreudianCafe@lemmy.ml 18 points 5 months ago

Stock market is totally legit and not a giant ponzi scheme. Specially vulture capital

[-] HaSch@lemmygrad.ml 13 points 5 months ago* (last edited 5 months ago)

Stock markets are to economics what bouncy castles are to architecture

[-] yogthos@lemmygrad.ml 5 points 5 months ago
this post was submitted on 06 Jun 2024
28 points (100.0% liked)

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