Wall Street in the American imagination is simultaneously held in a state of contempt and awe. It’s the site of both magic and misery.
The name “Wall Street” itself has become a shorthand to denote the capitalist class. Yet, Wall Street is only a segment of this class, known as Finance Capital.
Finance Capital has become a growing segment within capitalism since the 1970s due to the decline in American manufacturing. Manufacturing took a dive during the 1970s in America due to the postwar recovery of European industries and the emergence of Asian competitors. Big swings in oil prices during the OPEC crisis of 1973, as well as inflationary spending from the Vietnam War, also broke the halcyon days of American prosperity, to which many politicians and their constituents today look to return rather than an anachronism.
After all of that, Kevin Durant managed to play nine games with the Brooklyn Nets, only six of them alongside Kyrie Irving, before that team acquired another All-Star Wednesday afternoon. Joining Durant, Irving and DeAndre Jordan, the latter of whom Jarrett Allen had finally supplanted as the Nets’ starting center this season prior to the trade, will be one James Harden, Durant’s ex-teammate, the 2018 MVP and a revolutionary offensive genius.
Of course, Harden has become as confounding a teammate as he is an actual basketball player, and his uneasy exit from Houston begs many questions, not the least for which because of the destination. The ever-prickly Durant is playing at an MVP level; Irving is essentially AWOL; Harden openly ripped the Rockets organization Tuesday night, all but forcing his team’s hand. Now, those three find themselves together, apparently at their communal behest.