Monday, April 12, 2010

Dow Passes 11,000 -- But Socialism Is Near!

One question that is never asked of all those people claiming the country is on the verge of socialism is, why is the stock market higher than it's been for 18 months?

If the government were about to take control of the means of production -- that's what socialism is, after all -- wouldn't the value of all the stocks in the country plunge to zero? Wouldn't investors believe they were throwing their money away by buying stock in companies that were about to be forcibly taken over by the government?

Yet Monday (April 12, 2010), the stock market passed 11,000 for the second trading day in a row.

Seems to me, capitalism is doing pretty well.

No comments: