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Rampant Wall Street speculation: The fever chart of a terminally diseased system
Over the past year, the global financial system, above all Wall Street, has been in the grip of a speculative mania, the like of which has never been seen before in economic history. Two questions therefore immediately arise: how has this situation come about and what are its implications?
In March 2020, as the COVID-19 pandemic began to make its effects felt and workers undertook wildcat strikes and walkouts to demand health measures to protect their lives and those of their families, the financial markets plunged.
In this Oct. 14, 2020 file photo, pedestrians pass the New York Stock Exchange in New York. (AP Photo/Frank Franklin II, File)