You can never sufficiently disparage the ethics of most of the stock and financial markets. Many of their big manipulators are compulsively gambling, financial felons, all the more treacherous for believing they’re engaging in a noble ethic: maximizing profits.
It’s bad enough that just direct stock transactions are brazen bets designed to exponentially accelerate consumption on a finite planet whose resources are fast running out. But the side “derivative” bets of the markets that produce absolutely, nihilistically nothing — microsecond arbitrages, credit-default swaps, collateralized debt obligations, commodity futures … the list is gigantic — are about $1.2 quadrillion (1,200 trillions) in gaseous size, compared to the world’s approximately $80 trillion of solid GNP in 2015, according to Economywatch.com.
When these frenzied financial shell games collapse, which they inevitably always will certainly do, the solid economy crashes with them. The 2010 Dodd-Frank Act may have slowed this process somewhat, but it certainly got nowhere near abolishing derivatives — as the quadrillion number proves.
To let such a gambling ethic control our economy in an age of rapidly depleting resources and Armageddon weapons is to be led by obviously idiotic, malignant, suicidal insanity.
That is the importance of Mr. Bernie Sanders. He is a hope that the parasitic chaos of Wall Street can be rationalized. No one can be sure he can do it. But at least it’s a hope. Whoever represents that hope should be maximally supported.
So vote for Bernie. Vote to end the vicious financial vehicles by which Wall Street unconsciously strives to turn the world’s population into bloody, starving, snarling wolves ruthlessly fighting over the last few scraps of a carrion planet — all while monotonously, sneeringly chanting: “It’s not personal, it’s just business.”
— Bill Branyon