Wall Street for Trump

Wall Street is so publicly overjoyed, on the record and in the numbers, with the Trump reign of terror so far — and still Democrats are going out of their way to make excuses and defenses of Wall Street and to object to any criticism or push for very deep regulation (let alone dismantling). If they’re not paying you to do it, ask yourself why you want to shield them.

It’s a sector that has long since outgrown its investment money-raising purposes relative to the real economy and has disappeared down a rabbit hole of hypercapitalism divorced from any real function or good practice. That’s not even a socialist perspective or anything. That’s just backed up by decades of data and research. It has become a massive useless casino that distorts our economic and political governance.

It should be shoved back into a little box until it is so small that it can only do what it’s supposed to do: raise private money for real investments in the material economy. Not whatever this monopoly money bullshit is wherein the politicians are purchased, the pensions are purloined, the small-dollar investors are taken advantage of, and the massively wealthy shareholder supermajority in the country diverts loans into profits, instead of into projects.

Bill Humphrey

About Bill Humphrey

Bill Humphrey is the primary host of WVUD's Arsenal For Democracy talk radio show and is a Senior Editor for The Globalist. Follow him @BillHumphreyMA on twitter.
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