Democracy is an illusion! It’s become a political system fostered by the élite, for the élite, in order to fool the people that they have a stake in the system. In actual fact, they have virtually none. The whole political system in the modern era, despite having noble beginnings, is now used to benefit the few at the expense of the many. – Mark Alexander, June 29, 2018
Markets around the world are beginning the week with heavy losses. Germany's benchmark DAX fell 10 percent, dipping below the 9,000 mark for the first time since 2016. On Wall Street, the coronavirus continued to dash traders' hopes of a turnaround. The Dow Jones went down an enormous 9.7 percent. Trading on the S&P 500 was suspended after a 9 percent fall. Worldwide shares have tumbled due to uncertainty over the COVID-19 outbreak.
