The Stock Market & War on Drugs

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In the depths of the Great Depression of the 1930s, Congress repealed alcohol prohibition. In the depths of the Great Recession of today, California voters may soon repeal marijuana prohibition. Coincidence? Maybe not. The Socionomics Institute, a Georgia-based think tank, has released a report that finds a relationship between the War on Drugs and the health of the stock market. When the Dow Jones Industrial Average is rising, the federal government typically cracks down on drug use. When it’s stagnant or falling, the government typically relaxes drug controls. “Social mood influences people’s actions and their social judgments,” the report explains. “In times of positive mood, people have the resources to enforce their social desires. They can afford to express black and white social issues preferred during bull markets, and drug abuse is a favorite target.” But during hard times, “people have other, bigger worries and begin to view recreational drugs as less dangerous, if not innocuous in offering stress relief, pain reduction, and the ability to cope with the pressures of negative social mood.” In other words, when the market is low, people just want to get high.

Major events in the War on Drugs pegged to the Dow Jones Industrial Average
(Click on image for larger size)

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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