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European Tribune - Blogging and politics in Germany - bits of a Spiegel article
News is as well different. Here on ET people claim the MSM would have this or that idea of financial capitalism, stock market or whatsoever. In Germany I can say covering financial stuff is no mainstream thing. Why should normal people bother what the stock market is doing?

Because in some parts of the world, their retirement depends on it...

Private pensions is a strong support of financialisation : because many people have to keep an eye on the market, its functioning is legitimized...

Un roi sans divertissement est un homme plein de misères

by linca (antonin POINT lucas AROBASE gmail.com) on Tue Jul 22nd, 2008 at 04:59:21 AM EST
It's worse than that. When many people of modest means have a stake in the market, more of it can be claimed to be 'too important to fail', thus legitimizing bailouts.
by someone (s0me1smail(a)gmail(d)com) on Tue Jul 22nd, 2008 at 05:52:34 AM EST
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