There’s a whole lot of hubbub in the media about the outside world’s perceptions of America. There’s a narrative that Americans are portrayed as greedy, arrogant and nosey, and a great fuss is made over public opinion. It is true that all eyes are on America, but that is because we produce so much media and we broadcast our ideas all over the world. That opens the US up to a lot more criticism, but foreign policy is not a matter of popularity contests. For every Parisian who has a strong opinion about the American health care system, there are handfuls of people in the developing world that are taking a crack at success inspired by our free market capitalism and what they learn from our cultural output. Sometimes it doesn’t work out so well.

High Stakes Gamblers: Day Traders

Picture it! Maybe someone Michael Douglas-esque, sitting poolside drinking a mojito. He’s tan. He has designer sunglasses. Suddenly he’s roused from his rest by his smartphone beeping. It’s not just any beep. It’s the “Good One.” Sitting up quickly–almost startled–he peeks from under his shades eagerly to confirm. He turns to the stranger across from him and says, “You need a drink buddy? I just made another half-million! It’s so good to be a day trader!”

There’s nothing playful about “playing the stock market.” Those bets placed are best educated bets, and the “game” is rigged to respond to real world events! No one should dare attempt to make a career out of trading on the stock market with only the resume of a card shark. However, our films and media which portray the sun-kissed, jet-setting trader, encourage the idea that the American Dream is to make money and do nothing. In 2004, a Nigerian man on trial for fleecing an elderly UK couple with a rarely effective email scam reportedly defended his actions by simply stating, “I wanted to get rich with computers like a powerful New York day trader.”

Cut Throats and Bootleggers

There’s a much more sinister scenario as well. [Read more…] about Day Traders: American Stereotypes that Inspire Stupidity