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 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.