Gamestop was a predatory pump and dump and when the dust settles, we'll find out once again that the average people got caught holding the bag. The real tragedy is how people buy into it as an example of populism. "What real Americans need is an end to wage stagnation, not the opportunity to gamble on stocks".
Using the stock market to attack capitalism is using... the master's house to dismantle the master's house
Really sad to see so much GameStop hysteria on this site too last week.
The populism comes from that fact that everyone fucking hates hedge funds, everyone hates the market, everyone knows this whole thing was a ridiculous farce.
But we live under capitalism so that energy just sort of builds until it explodes in unpredictable ways.
Exactly. Btw, I wish this video had come out last week.
Exhibit A - the correct take: https://www.youtube.com/watch?v=ktXUxL60ll8
that take is not correct. Characterizing it as normal people taking on the stock market is ass backwards. The real winners were basically every other hedge fund besides melvin capital and all their bots on wsb. The losers were everyone who came in late: 95% of normal people
Also anyone who has a stock trading app on their phone IS NOT A NORMAL PERSON
Fuck Krugman, and double fuck the Times - but that is the correct take
Yo, fuck the NYT, this shit is stupid as fuck. What the average American needs is a fundamental understanding of how the global supply chain works and how we can empower and be conscious of our own labor and who owns the means of production. Shit like this ignores what the actual mechanisms of power are and how power can and has been influenced by regular people, (hint: it ain't op-eds).
As well, associating this thing with QAnon (a wholely different phenomena) thinking that the 'elites' aren't included in rigging the process and doing the whole 'Jewish bankers' bit with no fucking citations is classic smear journalism. This shit is brain dead delusional nonsense on the level of the r/wsb 'revolution' talks. A single correct statement doesn't make a good take. The stopped clock isn't fucking right here, it's just dismantled in such a way that if you cock your head slightly to the left, it kinda looks like it might be the right time, but really it's too far away to see. Fuck this bullshit, fuck the NYT, keep this nonsense out of here.
Your take is fine OP, idk why you needed to include the NYT article.
It isn't. Paul Krugman says that people need to stop blaming the 'elites' and look towards 'serious policies'.
The elites run the system and makes sure the outcomes favor themselves. The reason it is impossible to get 'serious policies' (lol) out is because regular people don't actually have any leverage within the system. Voting doesn't count because elected officials within this system are ultimately chosen and funded by the owners of the means of production.
The only way to get 'serious policies' is through is through threatening a mass organized pull out of labor into the system. And even that might not work without threatening to organize a separate system to use those means of production to sustain the movement. The key is to actually have leverage in the negotiation, and continue to hold that leverage. Without it, it is impossible to look for 'serious policies' from the elites, and any policies that do come from them will likely be a day late and a dollar short.
Edit: unless your take of not using the masters house means you also want 'serious policies', which is, unfortunately, also a part of the masters house.
You will never address inequality with the stock market. It's fundamentally impossible because you're trying to get a claim on someone's unpaid wages. Either they get paid or you get paid. We live in neoliberal hell so you need to have a 401k to survive old age but can't we at least be aware that we're investing in screwing your fellow proletarian and they're invested in screwing you and this is all really good news for the bosses?
