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Saturday, December 21, 2024

Halftime in America? More like sudden death

By Paul B. Farrell, MarketWatch

SAN LUIS OBISPO, Calif. (MarketWatch) — Halftime in America, Clint Eastwood calls it. Halftime? No folks, the game’s in overtime for Wall Street, the Super Rich and their “mutant capitalism,” as Jack Bogle calls America’s out-of-whack economic system in his “Battle for the Soul of Capitalism.”

It’s an economy so distorted we’re creating an ever-widening inequity gap bigger than the one that ignited the 1929 Crash and Great Depression.

Auto-industry Super Bowl ads score

For the second year in a row, Chrysler won over audiences during the Super Bowl with an emotional commercial.

Worse, Clint’s game metaphor from his talked-about Super Bowl ad only fits if we shift from games like football to Wall Street’s casino gambling and games like derivatives trading, where the house always wins.

Keep reading: Halftime in America? More like sudden death – Paul B. Farrell – MarketWatch.

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