Dear journalists: please stop talking about “the market” as if it were an actual thing with concrete desires, motivations, and reasoning. As in, “the market reacted badly to the continued standoff over the debt ceiling.” This is bullshit. “The market” did nothing. “The market” is an aggregation of individual buying and selling decisions, the majority of which were presumably made for their own individual reasons and concerning their own individual companies, not the national political scene. “The market” is not an oracle; it’s an average.
Are large changes in the market often the result not of happenstance individual moves, but rather the actions of a few gorillas shifting their weight? Sure! So say who those gorillas are. Don’t just say “the market.” You can’t interview the market, and you can’t check to see if your guess at “its” motivations are correct. You can do this with individual investors/firms/funds. So do that! Follow the financial news closely enough to be able to say that! It’s fine if you want to make claims that investors were reacting to a political situation, but they have to be verifiable, which means they have to be rooted in actual human beings. Because, quite frankly, those decisions could be wrong, or ill-informed, or self-interested in their own way, and we need to be aware of that if we’re going to take any political meaning out of it.
Talking about “the market” makes it seem like a force that can’t be questioned, a thing with its own internal logic that can’t be affected by outside factors. It makes it seem right rather than just one more voice in the fray. And that’s dangerous. The market isn’t like the weather, a thing operating by its own physical logic, unaffected by new ideas. Storm fronts won’t change their patterns just because everyone suddenly agrees that storm fronts should act differently. But “the market” does. It’s a force of consensus, not rationality. Investors’ ill-informed ideas about mideast politics have royally screwed the oil market, as every time there’s a protest or a border skirmish in an Arab country they think oil’s going to become scarcer and drive up the price, even though that scarcity almost never materializes.
The logic of investors is a thing we need to work with, sure. But that doesn’t mean we have to accept their conclusions. Market forces have an enormous effect on all of our lives, and if those forces are being driven by erroneous reasoning, then we need to be able to push back. But that’s impossible if we keep talking about “the market” as an indicator rather than an institution. “The market” isn’t a thing; it’s just a reflection of the actions of individuals. Who are those individuals? Why did they do what they did? These are questions you can ask rather than looking at the Dow Jones average and imputing motivation. If we’re going to mitigate the power of financial markets to harm society, then we need to stop talking about them as a mystical beast and get down, instead, into the nitty-gritty, the details, the actual mechanics of what’s going on. To do less is to say that the crash of ‘08 was inevitable, that it was just “markets talking,” that there’s nothing we could have done. But of course there is. Don’t let them get off this easily.
I think he hunts snakes and coyotes with his dog all the time. there was a story about it. which is nonsense because he works all the time.
Tense. You can stop setting up a strawman.
It was about his childhood, growing up on a farm. In comparison to pretty much all other recent presidential candidates I have a bit in common with Perry’s upbringing—fishing behind my parents’ house and hiking with my dog, killing hours outside. This is in stark contrast to Obama, who grew up shuttling around the world, attending private schools; or McCain, who was a military brat and attended boarding school; or Bush, who grew up in Connecticut mostly killing time by diving into swimming pools of cocaine and attended Phillips; or Gore, who attended St. Alban’s and lived in a hotel; or Clinton, who grew up in a broken home in the segregated South.
The fact that liberals continue, time and time again, to talk down to people with normal upbringings is just another reason they alienate a huge portion of the population—a part of the population including me. Obama doesn’t know what’s good for me because he can’t relate to me, yet he wants to tell me how to live my entire fucking life. Perry knows he doesn’t know what’s best for me and plans to stay out of my fucking business as much as possible. The fact that I can, in some way, relate to his life makes me trust him a little bit more—in stark contrast to Obama, who is a human PR machine and is the personality equivalent of John Kerry’s forehead.
This is the dumbest thing I have seen on tumblr since a bunch of 14 year olds learned how to embed MIDI files.
“We all live in a murderous world, as the events in Norway have shown, with 97 dead. Though that is nothing compared to what happens in McDonald’s and Kentucky Fried Shit every day.”—Oh, shut up Morrissey. (via hman)