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The idea that the stock market reflects class struggle is not my own. It comes from political economists Shimshon Bichler and Jonathan Nitzan. In ‘Stocks Are Up. Wages Are Down. What Does it Mean?’, I summarized their thinking (as I understand it). Before you continue here, I recommend reading that post. But if you’re pressed for time, here’s the gist of their argument. Class struggle, Bichler and Nitzan observe, is a part of all hierarchical societies. But capitalism is the first social order to quantify this struggle. It does so through prices, which Bichler and Nitzan propose indicate power.... Economics from the Top DownHow the History of Class Struggle is Written on the Stock Market Blair Fix
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The idea that the stock market reflects class struggle is not my own. It comes from political economists Shimshon Bichler and Jonathan Nitzan. In ‘Stocks Are Up. Wages Are Down. What Does it Mean?’, I summarized their thinking (as I understand it). Before you continue here, I recommend reading that post. But if you’re pressed for time, here’s the gist of their argument. Class struggle, Bichler and Nitzan observe, is a part of all hierarchical societies. But capitalism is the first social order to quantify this struggle. It does so through prices, which Bichler and Nitzan propose indicate power.... Economics from the Top DownHow the History of Class Struggle is Written on the Stock Market Blair Fix
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
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The idea that the stock market reflects class struggle is not my own. It comes from political economists Shimshon Bichler and Jonathan Nitzan. In ‘Stocks Are Up. Wages Are Down. What Does it Mean?’, I summarized their thinking (as I understand it). Before you continue here, I recommend reading that post. But if you’re pressed for time, here’s the gist of their argument.
Class struggle, Bichler and Nitzan observe, is a part of all hierarchical societies. But capitalism is the first social order to quantify this struggle. It does so through prices, which Bichler and Nitzan propose indicate power....Economics from the Top Down
How the History of Class Struggle is Written on the Stock Market
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