Like, maybe some failson at a hedge fund will take the fall for this and get hired in the same position somewhere else within a month, but the people who are going to get hurt the most are the poor people who come in last minute, think they're making a safe bet with their meager savings during a fucking depression, and get burned big time
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"It’s a type of operation that makes demands on one’s time, [but] it’s worthwhile running some risk in order to relieve the enemy of his money.” marx
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lol marx btfo
record scratches, glass shatters, dog whimpers as it puts paws over head
But otherwise yes. It'd be nice if I could take advantage of it and not have to wait for the $1600 stimulus, but it's not a good idea, just like gambling isn't - nor does it indicate anything particularly anti-capitalist, even investors complain about the market being rigged towards more successful investors.
You'll notice he's not calling it praxis
No I know I'm just stirring shit tbh you can't compare the London Exchange to the hellbeast before us anyway
Both fair
Yeah I think people are really taking this situation personally and completely disregarding the fact that this is going to happen no matter what we as individuals do because that's how capitalism functions. "Poor people are holding the bag?" Ofc they are, someone's always holding the bag at the end. You know what would have happened if this shit didn't unfold the way it did? It would have been another fucking Tuesday. If someone can pull some money out of this situation and get their teeth checked out or their debt taken care of then good on them.
Keep in mind I'm not saying don't care about those who are going to lose their ass on this, but you cannot do anything about that other than lend support when it does. Ultimately this is just a funny thing that happened at the end of empire and another sign the system is not okay, so either use this situation to agitate people or shut up. Trying to preach to people that they should feel bad about something completely out of their control is dumb and unhelpful.
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I will go off. I understand what you're saying, but what I'm saying is telling a bunch of people who largely haven't had an actual break in their lives, during a pandemic, that they should feel bad about actually getting a once in a lifetime break is unhelpful and dumb. I wish I had some cash on hand to do it too, but I spent my last bit of money keeping my lights on.
Will this be bad for some people? Yes. Can you do anything about it? No. The answer isn't to tell people they suck for it, the point is to agitate people so they understand why things are like this so we can change it.
literally who here has actually invested in gamestop in the last week, let alone "giddy about profits"?
the only posts on chapo about this are laughing at the hightening contradictions, talking about how to navigate the radicalisation of WSB, and the occasional "aww" because someone on that pedo forum managed to pay medical bills that shouldn't exist
well, those posts and now all the fucking subsequent doomerism because literally no positive can ever be derived from anything happening ever
dont preach to people that they should "feel bad about their mistake". use the opportunity to get it through their heads how fucking rigged the game is. that it's a casino, and the house always wins. unless you refuse to play by their rules, stick a gun in their fucking faces and blow the fucking safe. or declare money bullshit and do away with it; whatever.
:stalin:
right. this is that period of his life where I can say stalin was juts pure based no criticism yet.
This is a bad take and you should feel bad.
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post hog
I mean, to be clear, this is fair game within capitalism. The most catastrophic outcome of this would just be an exchange of classes between the winners and losers, not a total abolition of class itself. These aren't proletarians acting against the system, in any effort to alter the system, just a gamble, as others have pointed out.
The price is going up partially because WSB is buying shares up and partially because short sellers are covering their shorts right now. Once that's over, who's going to buy the GME shares for anything more than $20? Other WSBs. People that know the party is over will start ducking out. That may already be happening. More people will duck out. Then the panic will begin.
This is the short sellers and WSB transferring money to people that owned GME shares because they believed the shares were reasonably priced on a decent company. This is largely not a working class demographic.
You might make a bunch of money doing this, but only if someone just like you buys the shares from you for a ridiculous price right before it collapses. It may actually be you. Some simply have to lose a ton of money for this to work.
Don't throw any money you wouldn't miss at this.
its not that they're doing praxis. it's that we're seeing what this shit really is. they're believing in the system SO HARD that it can't help but show its true colors.
and now we take advantage. ive got a handful primed and ready to wake the fuck up to reality the moment the SEC (or whoever) drops their hammer and shows that YOU CANNOT WIN at their game.
the accelerationists and taking a quick swing of the pendulum, when it comes back our way; we need to fucking catch it and keep it and grind it into fucking dust.