Daily Archives: October 8, 2011

How I tracked down The Market

By Dr. Gal Noir*
I have been working as an undercover investigator of hijackedeconomic truths for many years. It doesn’t pay much, I work long hours, but Isleep well at night. It is the nagging questions that help me get up in themorning and do what I do. What is the economy for? Where has the middle classgone? Why have manufacturing jobs fled the US? Why is CEO-to-worker pay ratio471:1 in the US, while it is only 20:1 in Canada?  Why haven’t we wiped out unemployment once andfor all? No, really. Permanently! Why do we have child hunger, mass poverty,and stunning income inequality in the richest country in the world? Andeverywhere I turn, I keep getting the same answers: “Because The Market said so! Because this is how The Market works. Because these are thelaws of The Market.”