Economics/Class Relations

The real reason stock market is up while country burns

The insurrection has been a rebellion against the police state, but the police state is only a tool of the ruling class. The ruling class proper remains unscathed. On a class level, while it is true that capitalist corporations have taken a few minor hits here and there (burning a McDonald’s, looting a Target, etc), most such damage will be covered by insurance, and the insurance companies will also profit by being able to raise their premiums and experience a rise in their stock values. Regrettably, the primary victims of the insurrection have been the petite bourgeoisie.

Executive Editor at The American Prospect David Dayen explains how the Federal Reserve propelled the quick bounce back of the stock market amid the economic collapse.

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