The market and the masses

From Yahoo Finance:

"Today's session ended relatively unchanged, which was probably appropriate considering the mixed implications the February employment report had for the economy - and interest rates... On the most obvious level, the paltry rate of job growth - 21K (consensus of 125K) - was disappointing and indicated that the labor market is still the weak link in the economy... At the same time, the wide miss in nonfarm payrolls lent support to the idea that the Fed will maintain its accommodative policy with hiring slack..."

Bottom line: What's bad for workers is good for the stock market. You see, so long as there remains slack in hiring, there'll be no upward push on wages and no need for the Fed to increase interest rates to stave off inflation. These two indices signal a constant low interest rate and thus an increased desire to buy stocks because only they might return some decent money on investment. Thus, the stock market benefits from lack of new jobs because the increased productivity of workers (read, same pay for more work) means more profit, and hence higher earnings and hence a better picture to attract investors, that is, stock buyers.

The perfect Republican model, the very model that Karl Marx predicted would cause a workers' rebellion.

Not likely anymore, because the media have become our culture and they are wedded to the benefits of big business. So--like Orwell, we'll come to love Big Brother, but the brother won't be government. It'll be an even bigger brother: Government and business merged into a monolithic force. Twenty years after 1984, and two decades bigger.