Stock Market Manipulation - Richard D. Wolff

"'So suddenly we have people moving around the world putting stories in newspapers, making public appearances, spreading rumors because they want the price to go down. It has nothing to do with the underlying profitability or viability of the business. It's a manipulation and a maneuver... 
So most of us, the vast majority, are two gaps away from what the real story is. Therefore when you buy a share of stock you've got to face something: you don't know. That's not your fault, it's the situation which prevents you from knowing. Therefore it is, to be blunt, a crapshoot. It's a casino. And you may have noticed that in the casino the house always wins in the end. Wall Street is no different."

This is a clip from Economic Update: People to People: Horizontal Social Change
[S11 E10]

Watch the full episode:    • Economic Update: People to People: Ho...  

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