Doesn't the SM itself reflect the power of capitalists - financial and 
otherwise, and therefore doesn't that make it an important to follow?  The SM 
is how powerful capitalists understand and judge their own successes and 
failures.  What is sickening of the media coverage is the cheerleading, not the 
fact of the coverage itself.

Troy

Jim Devine <[EMAIL PROTECTED]> wrote: On 2/27/07, Doug Henwood  wrote:
> ah, the PEN-L juices are starting to flow!

not mine. Stock market gyrations are boring. I think that the news
should stop reporting the DJIA and S&P (etc.) completely -- unless
they change more than 2% in one day. If the stock market were to be
open 1 day a week, it would serve its purpose for capitalism without
all the useless brouhaha.

The excessive attention that the SM gets reflects the excessive power
of the finance capitalists and wannabes, along with the fetishism of
monetary forms of wealth.
--
Jim Devine / "The truth is more important than the facts." -- Frank Lloyd Wright



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