Is Economic Speculation a Form of Structural Violence? by Rene Steenbock

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Is Economic Speculation a Form of Structural Violence?
by Rene Steenbock, 2013, grin.com

http://portland.indymedia.org/en/2018/01/435451.shtml

According to neoclassical economic theory, the financial markets always return to equilibrium. Problems only occur because of state intervention. The 2008 financial crisis should never have happened.

Tulip bulbs were first an object of speculation at the start of the 17th century. The stock market crash of 1929 was similar.
The roaring twenties led to an enormous stock euphoria. Critics and admonishers were ignored or mocked and warning signals largely ignored. In 2018, corporations inflate their stocks in a $70 billion stock buy back program.

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