From Xinhua:
As for why investors have left the stock markets, Andrew Ross Morkin, a columnist with The New York Times, offered a straightforward explanation, “it [stock market] has been a losing proposition. An entire generation of investors hasn’t made a buck.”
The global economy, mainly capitalist economy “entered into a long stagnation”, which is marked by growing indebtedness, unemployment and retreat from the stock markets to safer investment channels, said Immanuel Wallerstein, a senior research scholar in the Department of Sociology at Yale University.
However, on the other side of the economic spectrum, a small group of banks and hedge funds earned good money by “manipulating worldwide financial operations” without producing much value.
Instead, they brought about a much polarized world, lower real wages and government revenue, and one debt crisis after another, said Wallerstein in his article titled “The Economic Recovery That Isn’t Happening”.
