{"id":84191,"date":"2025-07-22T07:16:49","date_gmt":"2025-07-22T06:16:49","guid":{"rendered":"https:\/\/www.taxresearch.org.uk\/Blog\/?p=84191"},"modified":"2025-07-22T07:16:49","modified_gmt":"2025-07-22T06:16:49","slug":"the-ftses-record-high-reflects-universally-bad-news-for-humanity","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2025\/07\/22\/the-ftses-record-high-reflects-universally-bad-news-for-humanity\/","title":{"rendered":"The FTSE&#8217;s record high reflects universally bad news for humanity"},"content":{"rendered":"<p>I was intrigued to read an analysis of why the stock market <a href=\"https:\/\/www.sharesmagazine.co.uk\/news\/shares\/ftse-100-closes-above-9000-points-for-the-first-time\" target=\"_blank\" rel=\"noopener\">closed at a record high<\/a> of 9,012 points last night, as reported by various media sources. The record high is the result of three sectors doing particularly well. Those sectors are:<\/p>\n<ul>\n<li>Banking<\/li>\n<li>Defence<\/li>\n<li>Oil and gas<\/li>\n<\/ul>\n<p>So, the stock market is celebrating banks exploiting those to whom they lend money by charging them excessive interest rates.<\/p>\n<p>And it is celebrating our descent towards war, which can only have a very nasty end, because that, very obviously, is what it is designed to do.<\/p>\n<p>At the same time, they are delighted that we are planning to end life on the planet at some point around the time when we probably see physical hostilities commence, which war can only hasten the process.<\/p>\n<p>If you can find any good news in this, I wish you good luck, but I see none at all.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I was intrigued to read an analysis of why the stock market closed at a record high of 9,012 points last night, as reported by<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2025\/07\/22\/the-ftses-record-high-reflects-universally-bad-news-for-humanity\/\"><em> Read the full article&#8230;<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[215,136,204,35,16],"tags":[],"class_list":["post-84191","post","type-post","status-publish","format-standard","hentry","category-age-of-aggression","category-city-of-london","category-economic-justice","category-economics","category-ethics"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/84191","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=84191"}],"version-history":[{"count":2,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/84191\/revisions"}],"predecessor-version":[{"id":84196,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/84191\/revisions\/84196"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=84191"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=84191"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=84191"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}