Why Are We Forced to Worship at the Feet of 'Mythical' Financial Markets Controlled by the Elite?
December 20, 2011 | The markets are
“jittery,” “upset,” “skittish” and “unnerved.” They are “confident” or
“unsure.” They are “demanding” that political leaders “put up or shut
up.” And they are “reacting unfavorably” to Obama’s newfound populism.
These are just a few of the many ways financial markets are described
each and every day by the media, financial players and public officials.
At first it seems as if these markets are humanoids onto which we
project our feelings. Yet, on closer inspection, it’s more like we have
ascribed to them god-like powers. We are told to appease the market gods
or face eternal financial damnation. As President Obama warned Europe
recently, they must “muster the political will” to “settle markets
down.”
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