The Spark

“The emancipation of the working class will only be achieved by the working class itself.” — Karl Marx

25 trillion dollars up in smoke

Nov 3, 2008

Since the beginning of the year, the world’s biggest stock markets have lost more than 25 trillion dollars. That is two times more than the entire U.S. gross domestic product (GDP), all the goods and services produced in the U.S. in a year.

All that money was taken from the sweat and labor of workers and farmers all over the world. Imagine how much better people would be living, if that money were spent on their needs, starting with food, housing, medical care, education, basic infrastructure, cultural centers, etc.

Instead the capitalists took it and gambled with it, to increase their own fortunes. Now all that money has literally gone up in smoke.

What a waste! What insanity!

You can bet that the capitalists will try to get that money back by making the workers pay even more, through much worse unemployment and huge cuts in our standard of living.