• Tatoes [none/use name]
    ·
    3 years ago

    My favorite thing about this saga is watching the propagandists on talk like it's a bad thing that ordinary people are investing to KEEP A BUSINESS FROM GOING BANKRUPT. But it's their job to go on TV and hype up the market as being an omnipotent and benevolent actor, and they're appalled that nobody fucking believes them. So now they're whining because the "fundamentals" of the business are bad. Bitch, that's entirely beside the point.

    The markets are not rationale, the markets are not efficient. Everyone throwing their money in this understands that. They don't care about the fundamentals (I mean, some do and think the business can pivot, but most don't give a shit). They don't believe in the company, they believe (correctly) that the markets are completely detached from the economy as they experience it. They understand that the markets are supply side driven and that it only serves ruling-class interests and desires. They understand that big capital can snap their fingers and decimate market sectors that don't funnel money directly upward to them, and they don't like that. So they just want to throw a monkey wrench in the whole thing, and why wouldn't they?

    It's hilarious to me that the one time we experience something even remotely close to seeing full "participation" in the market, which is and always has been the libertarian talking point justifying the existence of free-markets to begin with, everyone has a meltdown and the rabble need to be protected for their own good. Funny, that

    All that being said, though. This is a heavy indicator that we are at the precipice of a major financial reckoning, so now would be a good time to highlight the absurdities of capitalism and to steer people away from people on the right who will also try to steer this energy toward anti-""globalists"""" and anti-big tech/government rather than capitalism itself. Be on the lookout for that.

    • D61 [any]
      ·
      3 years ago

      It would be hilarious if somehow GameStop when bankrupt with a stock price in the thousands.

      :sicko-wistful: