Merging Markets and tax giveaways to the "job-creationists"

http://www.monbiot.com/archives/2011/02/07/a-corporate-coup-detat/

The writers extolling the blessing on the merger of the Toronto and London Stock Exchanges seem to believe that the value and opportunity for sales of shares is what defines the economy and provides opportunity and growth. It is true that one can believe what ever they want. That is why freedom of religion and free - markets go hand in hand. They are both "belief" systems. When enough people believe that money made on speculation contributes to an economy there is generally a bull market. When people believe that the market is not necessilary the best investment they try to find other places to park "their money". Now consider that the value of a dollar is a belief that a dollar has the potential energy or value within to exchange for something of "value" purchased by said dollar. Having a bigger market to gather and sort out the values of any one stock on any given day nurtures a belief that the economy is continuing to grow. John Galbraith in his little treatise on the financial industry and its short memory reminded us that when paper money and shares are exchanged for other paper money or shares then some time in the future - everything will return to "real value". Such collapse of the inflated market can even reduce the value to a negative force which will suck up what is real and reduce it to nothing. One might suggest that such is a "black hole". But in the ever expanding universe of the stock market trading world when belief turns to disbelief the surreal may become real. Many will be left holding no money and governments waiting for the "job creators" ie large corporations reducing their expenses and becoming more profitable by "corporate welfare" or large scale tax rate decreases will only have to resign- when the people discover the cake they promised is only dust in the wind.