Economy

Ideally an economy is a system of production and money is a medium of exchange. The contemporary corporate-led global economy is less a system of production than a system of power and money is a con game that allows those who control the money system to expropriate the real wealth or resources of everyone else without producing anything of value in exchange. To understand the con, it is necessary to recognize the crucial distinction between money and real wealth. Contrary to what we are conditioned to believe, money isn't wealth.

I strongly support calls to nationalize the big banks. The bank bailout programs of former Treasury Secretary Paulson and current Secretary Geithner are nothing but give aways to the guilty—rewards for reckless, even criminal, behavior. Furthermore, they do nothing to correct the defects of structure and regulation that created the problem in the first place. Consequently, even if they work to restore lending we must assume that the system would quickly proceed to recreate the crisis.

I like this answer from David Zink as part of a comment on revoking corporate charters.I am much in agreement with his suggestion. 

In common usage the terms Wall Street and Main Street distinguish between two economies with strikingly different priorities, values and institutions. They are distinct, but interconnected, and they are often in competition.

Wall Street

Wall Street refers to the institutions of big finance and the captive ccorporationsthat serve them. They may be located anywhere, not necessarily on the famous street in New York City that has become a global symbol of capitalism.