How Wall Street Bankrupted Detroit

More from the capitalist nightmare that is the US. Perhaps this is what Abbott wants for us? Give the share market free reign to trample all over workers.

   
And this from The Guardian:

That may be the ultimate tragedy of capitalism in our time, that it has achieved its dominance without regard to a social compact, without being connected to any other metric for human progress. 

We understand profit. In my country we measure things by profit. We listen to the Wall Street analysts. They tell us what we're supposed to do every quarter. The quarterly report is God. Turn to face God. Turn to face Mecca, you know. Did you make your number? Did you not make your number? Do you want your bonus? Do you not want your bonus? 

And that notion that capital is the metric, that profit is the metric by which we're going to measure the health of our society is one of the fundamental mistakes of the last 30 years. I would date it in my country to about 1980 exactly, and it has triumphed. more