Why does the stock market rise when the value of the dollar declines?
The falling dollar is a sign of corporate success. Big companies are willing to sell more stuff for less as long as costs are contained. Meaning, high unemployment is O.K. as long as active workers are productive and willing to work for less. The Reagan white house (that looked a lot like G.W.’s) and corporate culture decided that middle class America was wealthy enough. The inequities of wealth distribution leads to an obscene upper echelon, growing poverty at the bottom and a stagnate middle. Redistribution of wealth will never happen because the rich don’t want it, the poor have no influence and the middle majority doesn’t have a clue.
Even as we have endured a major recession a huge cloud of inactive wealth circled the world. The ethereal economy still outpaces reality by quadruple or more. Basically, money put to no good use. Wealth seeking more wealth never trickles down. False mathematical models, deregulation and simple greed made America the economical conduit of the world during the 90’s and the early millennium. For these same reasons it failed. The biggest impairment to remodeling is corporate thinking. They are still sold on failed paradigms . Making money is easy, squandering befits our national nature and our collective charitable nature is miserly.
Middle income people give the most percentage wise, large institutions the least and the government steals and wastes the most. You can live only so long in a house with a bad foundation. The constitution is bedrock but unencumbered freedom fosters the worst of human nature. There was an assumption of good citizenship in the original constitution, now there should be an amendment requiring it.
Responsible capitalism can work and is much preferred to any social or state run mechanism but corrupted models must be corrected.
I want us all to be rich but able and willing to put our excess of wealth back into a suffering world.