The stock market is definitely going to survive a Warren presidency. What are the corporations going to do, just stop business because it's less fun? There will be adjustments and re-alignments and new ways of doing things. Which sectors are most profitable might flip around.
What they fear is the uncertainty, but even more than that, they're exaggerating their fear because things will be easier for them and short-term more profitable if they don't have to deal with higher taxes and a new regulatory environment.
They're pretending Bernie will bring in guillotines and gulags and pretending Warren will destroy the stock market because their actual fears are small, selfish, and venal and would not endear voters to them. By exaggerating, they're trying to get their own victim class on board.
I've been pretty clear on here I'm a "capitalist" in the same sense that Warren is (I believe in a market economy; we're going to wind up having one even if we switch to central planning and abolish money and the concept of investment, it's just people cooperating with people)...
...but I've also been clear and consistent in saying that the way businesses do business isn't sustainable. The conditions under which they thrive is destroyed by the rapacious pursuit of endless, rapid growth. The climate crisis is just the most obviously apocalyptic example.
They might not like the taste of President Warren's medicine but their long-term success depends on someone making them take it anyway. Free market competition doesn't work when the winners take all. You can't grow business without a consumer class that grows in purchasing power.
And the thing of it is, all of that money's going to ultimately go back to Wall Street anyway. It'll just change some lives along the way.
Everybody on Main Street who is doing business with Main Street will eventually do business with someone who needs something outside of Main Street. That money's going to end up back on Wall Street. Money creates the most value when it circulates.
Anyway. I'm having an end-of-month cashflow crunch where some unforeseen expenses hit after I circulated too much money to other community members, so if you want to tip your weird Twitter pundit it's a great day for it. paypal.com/cgi-bin/webscr…
(To be clear, I don't regret having sent people money, what goes around comes around and I'm better at making money by being online than many.)
Past me thought she was being clever by moving some annual expenses from May, which is my most expensive month, to February, my least expensive one, but present-day me forgot about that and was thinking, "Oh, it's February, I have some extra money." :P Won't forget it again.
