I'm not sure if this is supposed to be posted here but I'm not sure this would be welcome in c/wallstreetbets (lmao) either. It's just sad and dispiriting. Not really gonna say more about this because it's been pretty draining tbh.
Also, before someone says "well I don't think it's WRONG to talk about this, and I don't think it's praxis, and y'know I had to pay rent and spent some money on this and I just like laughing at Melvin eating shit and...." cool, I'm not talking about you, you know which people I am talking about.
I feel you man, also people going on as if this is somehow going to bring about a digital revolution, rather than interest free loans for the injured capitalists and regulation to insulate the working classes from their money printers even further.
Nothing I've seen since joining here has screamed more that a lot of people on this board, especially the wsb crowd with their overconfident financial hot takes completely detached from an analysis of power and the class solidarity of capitalists, need to actually fucking read their theory and economic history
I don't know if I'm wearing rose tinted glasses (heh), but my experience has been almost the opposite of this. Everywhere I've looked, there have been a flood of posts about how the system is rigged, about how wealthy investors will collaborate to protect themselves when threatened by the masses, and especially about how the idea of a level playing field is a myth created by the wealthy elite. And to me, that's just one logical step away from realizing that there are a group of people who are predetermined winners, and a group of people who are predetermined losers, and that's the beginning of class consciousness.
I think that most of the people involved in this know that while they might win this battle, they can't win the war, so to speak. They realize that this is just pulling one hair out of the ass of the 1%, and that they're never going to be a real competitor in this system, because this system is rigged. I've been trying to reiterate that message to as many people as possible both online and it in real life, and most seem receptive to it.
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A highly updated comment said something along the lines of, "Well shit, I finally understand why China is so harsh with their billionaires. We could learn something."
This was on Reddit. Not only that, but there was only one "China bad" response. There are 5 million subscribers to that sub and most of them are politically illiterate, but each and every one of them now has a personal vendetta against big finance. I'm sure that only a minority of them are going to be radicalized to the left by this, but ignoring the chance to agitate seems like a missed opportunity.
Yeah I completely agree that it's good for the message. The issue that I was pointing out in my comment was that some people on the left are seeing this event, which the vast majority of people are isolated from, as THE big turning point when the memory of this event will be broadly gone in a month. Some predominantly petit bourgeois redditors making some money on the stock market and getting fucked over by Wall St. really isn't the banner to unite the working class under that the low-praxis chapos seem to think it is
This, I agree with. If covid couldn't kickstart a literal revolution, I have no hope that one week of stock market shenanigans will manage it. All I can do is whisper in the ears of my liberal friends, "don't you think this has broader implications about our capitalist system?"