Okay sure, anything on the internet could be fake, but is it really a sob story if the guy successfully makes the money? One random guy making $1000 on this crazy stock rush hardly beggars belief.
Yeah, sure, but literally putting it to and prioritizing a 'dog surgery' is basically just saying 'hey reddit give me medals for my sad pupperino story'. It doesn't beggar belief, but it is clearly manipulative towards you feeling positive towards this narrative. It also creates a 'first world problems' vibe.
If you have other analysis on why this is good, sure, share it, but this kind of sloshy bullshit is just a weird morality narrative. You don't have to be totally cynical, but for Christ's sake if a 'dog surgery' is someone's largest issue then others will see that they probably are doing fine otherwise in this capitalist hellscape.
if a ‘dog surgery’ is someone’s largest issue then others will see that they probably are doing fine otherwise in this capitalist hellscape.
Getting bankrupted because your pet is dying doesn't mean you are "doing fine." If you view your pet as a family member, then that's really fucking serious.
I don't understand why people benefiting from this short squeeze has made people so fucking callous here. It's really gross.
There are literal children dieing everyday of malnutrition. It's not that this has 'made me callous', it's that you are all celebrating like this is the end of capitalism and all the problems are fixed. This is a pimple on the flies asshole.
sighs You know what, maybe austerity politics has brought out the worst of me, and I should celebrate even the small wins here.
But without further action, these movements feel pointless. Without organization, its just individuals within the market. We may as well celebrate lottery winners, say buying lottery tickets is praxis, and tell those feel-good stories.
People are making jokes about hedge funds getting tanked and some of their wealth getting redistributed. Some people are getting bailed out from extremely difficult situations. It's not that deep.
But without further action, these movements feel pointless. Without organization, its just individuals within the market
Yes, I think need a revolutionary Marxist-Leninist party. But this short squeeze has cost the bourgeoisie more than any mass action I've ever been a part of. Half of Robin Hood accounts own GME, and the median Robin Hood account has no more than $1,000 on it. This money is going to back to the poor.
We may as well celebrate lottery winners and tell those feel-good stories.
Lotteries are built on poor people buying into them and losing. This short squeeze is built on forcing hedge funds to pay off poor retail traders (i.e. working people) at extraordinary rates.
You could say the same of the 2008 financial crisis. 'Costing' the bourgeoise is materially pointless without actually affecting the ownership of the means of production. As good as affecting the tail that wags the dog is, the dog still exists.
It still feels like we are celebrating a lottery victory. Yeah, we got one over on the hedge funds, but they still have their hands firmly at the wheel.
This is much different than the 2008 financial crisis. We are seeing the inflation of Capital largely owned by retail investors. In 2008, we saw the deflation of Capital largely owned by retail investors (houses). It is literally the opposite situation.
But the market as a whole was affected and 'lost' alot of value for everyone involved except those that shorted, at least that's my understanding of it, though I am probably wrong.
Regardless, that is besides my point that if the actual means of production remain unaffected, than this is pointless and very little power at all has changed hands.
Edit: I've seen you talking about an Occupy pt 2 style movement on other threads. If that is the end goal and the point, then I can get behind it, but otherwise I will remain skeptical to this entire thing.
The same ones making money off of Herbalife. Hey, speaking of, you like communism, don't you? Haha, 'daddy Marx', am I right? Well, what if I told you there was a way to own your own means of production
What proletarian is getting money from this? Give me some of it then.
There was the guy on the front page of WSB the other day that put his last $1000 into GME because he needed $4000 to pay for surgery for his dog.
Edit: he made enough for the surgery and sold
For fuck's sake, be more skeptical, it's literally dog surgery. That smells of reddit bait.
Oh no I’ve been taken in! By what, exactly?
A sob story.
Okay sure, anything on the internet could be fake, but is it really a sob story if the guy successfully makes the money? One random guy making $1000 on this crazy stock rush hardly beggars belief.
Yeah, sure, but literally putting it to and prioritizing a 'dog surgery' is basically just saying 'hey reddit give me medals for my sad pupperino story'. It doesn't beggar belief, but it is clearly manipulative towards you feeling positive towards this narrative. It also creates a 'first world problems' vibe.
If you have other analysis on why this is good, sure, share it, but this kind of sloshy bullshit is just a weird morality narrative. You don't have to be totally cynical, but for Christ's sake if a 'dog surgery' is someone's largest issue then others will see that they probably are doing fine otherwise in this capitalist hellscape.
Getting bankrupted because your pet is dying doesn't mean you are "doing fine." If you view your pet as a family member, then that's really fucking serious.
I don't understand why people benefiting from this short squeeze has made people so fucking callous here. It's really gross.
There are literal children dieing everyday of malnutrition. It's not that this has 'made me callous', it's that you are all celebrating like this is the end of capitalism and all the problems are fixed. This is a pimple on the flies asshole.
sighs You know what, maybe austerity politics has brought out the worst of me, and I should celebrate even the small wins here.
But without further action, these movements feel pointless. Without organization, its just individuals within the market. We may as well celebrate lottery winners, say buying lottery tickets is praxis, and tell those feel-good stories.
People are making jokes about hedge funds getting tanked and some of their wealth getting redistributed. Some people are getting bailed out from extremely difficult situations. It's not that deep.
Yes, I think need a revolutionary Marxist-Leninist party. But this short squeeze has cost the bourgeoisie more than any mass action I've ever been a part of. Half of Robin Hood accounts own GME, and the median Robin Hood account has no more than $1,000 on it. This money is going to back to the poor.
Lotteries are built on poor people buying into them and losing. This short squeeze is built on forcing hedge funds to pay off poor retail traders (i.e. working people) at extraordinary rates.
You could say the same of the 2008 financial crisis. 'Costing' the bourgeoise is materially pointless without actually affecting the ownership of the means of production. As good as affecting the tail that wags the dog is, the dog still exists.
It still feels like we are celebrating a lottery victory. Yeah, we got one over on the hedge funds, but they still have their hands firmly at the wheel.
This is much different than the 2008 financial crisis. We are seeing the inflation of Capital largely owned by retail investors. In 2008, we saw the deflation of Capital largely owned by retail investors (houses). It is literally the opposite situation.
But the market as a whole was affected and 'lost' alot of value for everyone involved except those that shorted, at least that's my understanding of it, though I am probably wrong.
Regardless, that is besides my point that if the actual means of production remain unaffected, than this is pointless and very little power at all has changed hands.
Edit: I've seen you talking about an Occupy pt 2 style movement on other threads. If that is the end goal and the point, then I can get behind it, but otherwise I will remain skeptical to this entire thing.
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That's nice but aren't all those shares locked by robinhood right now?
Everyone can still sell. He sold like 2 days ago to pay for the surgery.
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The same ones making money off of Herbalife. Hey, speaking of, you like communism, don't you? Haha, 'daddy Marx', am I right? Well, what if I told you there was a way to own your own means of production