{"id":5422,"date":"2015-02-08T09:02:54","date_gmt":"2015-02-08T14:02:54","guid":{"rendered":"http:\/\/olduvai.ca\/?p=5422"},"modified":"2015-02-08T09:02:54","modified_gmt":"2015-02-08T14:02:54","slug":"the-incredible-lies-we-are-told-about-wall-street","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=5422","title":{"rendered":"The Incredible Lies We Are Told About Wall Street"},"content":{"rendered":"<h3 class=\"coverage_header_bar coverage_header_bar_story\"><a href=\"http:\/\/www.alternet.org\/corporate-accountability-and-workplace\/incredible-lies-we-are-told-about-wall-street\" target=\"_blank\">The Incredible Lies We Are Told About Wall Street<\/a><\/h3>\n<div class=\"coverage_header_bar coverage_header_bar_story\"><\/div>\n<div class=\"region region-content\">\n<div id=\"block-system-main\" class=\"block block-system first last odd count-1\">\n<div class=\"content\">\n<div id=\"node-1031476\" class=\"node node-story view-mode-full clearfix\">\n<div class=\"teaser\">\n<div class=\"field field-name-field-teaser field-type-text-long field-label-hidden\">\n<div class=\"field-items\">\n<div class=\"field-item even\"><strong>The corporation has become a financial asset to be manipulated by CEOs and institutional shareholders.<\/strong><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Fewer than half of the US population owns a single share of stock and even fewer Americans are in a position to start their own businesses. Nonetheless, at least in rhetoric this nation remains the land of the self-made man \u2014 and occasional woman. Many believe they still have the opportunity to be real entrepreneurs \u2014 by investing in corporate America through the stock market.<\/p>\n<p>Stock markets provide all our citizens the chance to invest in those companies with promising products and technologies. Companies use capital from the markets and loans from banks to expand plants and innovate. Banks also act as an instrument to screen and evaluate new business opportunities. All of these contentions would hardly survive the usual scrutiny the media give to most economic matters, especially government programs. Why these myths persist is a vital political question.<\/p>\n<p>The stock market today seldom raises capital for real investment. Our economy has become increasingly financialized with speculative activity generating a large share of total profits and also steering \u2014 and disrupting \u2014 the course of the productive economy.<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n<div class=\"in_content_ad_container ad_3\"><\/div>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Incredible Lies We Are Told About Wall Street The corporation has become a financial asset to be manipulated by CEOs and institutional shareholders. Fewer than half of the US population owns a single share of stock and even fewer Americans are in a position to start their own businesses. Nonetheless, at least in rhetoric [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[3327,109,2954,3328,3286,2864,506,3329,655,1138,3326,860],"class_list":["post-5422","post","type-post","status-publish","format-standard","hentry","category-economics","tag-business","tag-capital","tag-deception","tag-financialized-economy","tag-investment","tag-lies","tag-markets","tag-profits","tag-propaganda","tag-stock-market","tag-stock-ownership","tag-wall-street"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/5422","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5422"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/5422\/revisions"}],"predecessor-version":[{"id":5423,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/5422\/revisions\/5423"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5422"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5422"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5422"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}