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Stock Market Manipulation - Richard D. Wolff

"'So suddenly we have people moving around the world putting stories in newspapers, making public appearances, spreading rumors because they want the price to go down. It has nothing to do with the underlying profitability or viability of the business. It's a manipulation and a maneuver...  So most of us, the vast majority, are two gaps away from what the real story is. Therefore when you buy a share of stock you've got to face something: you don't know. That's not your fault, it's the situation which prevents you from knowing. Therefore it is, to be blunt, a crapshoot. It's a casino. And you may have noticed that in the casino the house always wins in the end. Wall Street is no different." This is a clip from Economic Update: People to People: Horizontal Social Change [S11 E10] Watch the full episode:    • Economic Update: People to People: Ho...   _______________________________________________________________________________________ We make it a point to provide the show free of ads. Please consider supporting our work. Become an EU patron on Patreon:   / economicupdate   Become a monthly donor via our website: https://www.democracyatwork.info/donate _______________________________________________________________________________________ Learn more about Prof Wolff's NEW BOOK, "The Sickness is the System: When Capitalism Fails to Save Us from Pandemics or Itself" Now also available as an eBook! www.democracyatwork.info/books "Indeed, his book is so thorough, so comprehensive in its insightful analysis, that it is a practically a one-stop center for anyone who wants to understand why the year 2020 has been such a dumpster fire." - SALON Check out Prof. Wolff's other books "Understanding Socialism" and "Understanding Marxism" http://www.lulu.com/spotlight/democra... _________________________________________________________________________________________ Want to help us translate and transcribe our videos? Learn about joining our translation team: http://bit.ly/2J2uIHH Jump right in: http://bit.ly/2J3bEZR Follow us ONLINE: Patreon:   / economicupdate   Websites: http://www.democracyatwork.info/econo... http://www.rdwolff.com Facebook:   / economicupdate     / richarddwolff     / democracyatwrk   Twitter:   / profwolff     / democracyatwrk   Instagram:   / democracyatwrk   Subscribe to our podcast: http://economicupdate.libsyn.com Shop our Store: http://bit.ly/2JkxIfy