Money on our minds
With the trauma of the Great Recession still fresh in the minds of all, abrupt swings in the stock exchanges this week could foreshadow a market correction in the near future, at the very least. This is particularly troubling given the fact that the ripple effects of the Great Recession are still in play. Meanwhile, revelations, such as the so-called “heartbleed” internet security fault and the NSA’s hacking scandal, undermine our faith in the internet. Because our banking system and much of our economy is now dependent on the internet to simply function, these internet issues should drive economic concerns. Given the growing number of stories surrounding these topic areas, we can expect renewed focus on the economy and weaning faith in the capitalist system’s ability to serve our interests. Consequently, we must do more to address these issues head-on in order to recalibrate the capitalist mechanisms of our economy to serve the interests of the majority of the People and renew our faith in our capitalist system.
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