Irrationality of Capitalism: Why Does Withdrawal From the EU Trigger a Plunge in Stocks?

Roughly 85% of the population in the West – middle class, working class and poor – think of an economy as the production of goods and services, only until they take an economics course in which economic relations are mystified.

So why would the British economy, previously ranked AAA, suddenly be lowered because of a “less stable policy framework”? What does this have to do with the British production of goods and services? Nothing. What a “less stable policy framework” translates to is that the British withdrawal from the EU means that economic policy will be determined by elected politicians, not the bankers of the EU. For the bankers, this is a catastrophe.

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About Bruce Lerro

Bruce Lerro has taught for 25 years as an adjunct college professor of psychology at Golden Gate University, Dominican University and Diablo Valley College. He has applied a Vygotskian socio-historical perspective to his five books: "From Earth-Spirits to Sky-Gods: the Socio-ecological Origins of Monotheism, Individualism and Hyper-Abstract Reasoning", "Power in Eden: The Emergence of Gender Hierarchies in the Ancient World" (co-authored with Christopher Chase-Dunn), "Social Change: Globalization from the Stone Age to the Present", "Lucifer's Labyrinth: Individualism, Hyper-Abstract Thinking and the Process of Becoming Civilized", and "The Magickal Enchantment of Materialism: Why Marxists Need Neopaganism". He is also a representational artist specializing in pen-and-ink drawings. Bruce is a libertarian communist and lives in Olympia, WA.

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