Robert Reich: Wall Street Pockets
on Thursday, January 28, 2021Robert Reich Money Quote saying After Game stop stock Manipulation, Reich says it shows what the stock market is about. Robert Reich said:
“Wall Street and stock market are metaphors for a society rotting from self-indulgence, greed, widening inequality, and financial entrepreneurship that builds nothing, improves nothing, creates nothing, and solves nothing, but merely moves money from one set of pockets to another” — Robert Reich
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In this quote, Robert Reich is harshly criticizing Wall Street and the stock market. He views them as metaphors or representations of a society declining due to self-indulgence, greed, growing inequality, and a type of financial system that does not actually produce anything of value.
Reich argues that Wall Street and the stock market primarily function to move money between different parties, without building, improving, creating or solving any real economic or social problems.
He seems to believe they enrich those involved not through meaningful productivity, but by transactions and speculation that fail to generate true wealth or benefits for society.
Overall, Reich presents Wall Street and the stock market as emblematic of a culture that prioritizes selfishness, greed and inequality over shared prosperity and progress.
Wall Street and stock market are metaphors for a society rotting from self-indulgence, greed, widening inequality, and financial entrepreneurship that builds nothing, improves nothing, creates nothing, and solves nothing, but merely moves money from one set of pockets to another.
— Robert Reich (@RBReich) January 28, 2021