And those crises always invariably increase inequality and hurt working people. Capitalism itself has always survived. Unless you’re arguing that the WSB crew are accelerationists of some kind?
They are not "accelerationists", they are forcing major banks to owe them a shit ton of money through an infinity squeeze. Their ideology does not matter, material reality does.
And the material reality is that they're organizing and buying through private corporations who are already taking steps to shut them down. If it get's anywhere close to materially damaging banks long-term, the forces of capital will unite to stop WSB. The Biden admin will step in to stop it.
I'm all for WSB people paying off their student debts or making a buck off this magic scenario, but you're not gonna beat capitalists by out-capitalisting them.
buying through private corporations who are already taking steps to shut them down
If legal stock brokers steal peoples' investments, that is going to cause a lot of problems. That's a pandora's box of legality and public outrage that I doubt will happen. If they could get away with that, the 2008 housing short would never have happened.
If it get’s anywhere close to materially damaging banks long-term, the forces of capital will unite to stop WSB.
Sure, that doesn't mean they can close pandora's box back easily. The Great Recession took years for the financial world to recover. And now, the US population is much more organized to oppose the state. An "Occupy Wall Street" pt. 2 will look a lot different than last time.
And those crises always invariably increase inequality and hurt working people. Capitalism itself has always survived. Unless you’re arguing that the WSB crew are accelerationists of some kind?
They are not "accelerationists", they are forcing major banks to owe them a shit ton of money through an infinity squeeze. Their ideology does not matter, material reality does.
And the material reality is that they're organizing and buying through private corporations who are already taking steps to shut them down. If it get's anywhere close to materially damaging banks long-term, the forces of capital will unite to stop WSB. The Biden admin will step in to stop it.
I'm all for WSB people paying off their student debts or making a buck off this magic scenario, but you're not gonna beat capitalists by out-capitalisting them.
If legal stock brokers steal peoples' investments, that is going to cause a lot of problems. That's a pandora's box of legality and public outrage that I doubt will happen. If they could get away with that, the 2008 housing short would never have happened.
Sure, that doesn't mean they can close pandora's box back easily. The Great Recession took years for the financial world to recover. And now, the US population is much more organized to oppose the state. An "Occupy Wall Street" pt. 2 will look a lot different than last time.
Yea they're definitely an accelerating force. Crashing the stock market for a joke wasn't ok and all that