[lbo-talk] Wall Street Book

Doug Henwood dhenwood at panix.com
Fri Mar 11 17:05:09 PST 2005


Charles Brown wrote:


>CB: So, the contribution to polarization of wealth in or represented by Wall
>Street-activity goes in zig-zags, not a straightline.
>
>The rich don't lose out to the working class in market crashes , do they ?

The bad markets of the 1970s were in part a reflection of the working class's strength, US and worldwide (and there were all sorts of anti-imperialist movements around). The defeat of all that led to the bull markets of the 1980s and 1990s. But in the 1930s, the working class was screwed worse than the bourgies.

Doug



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