I'm beginning to regret not pushing back harder against this kind of shit. I'm interested in this gamestonks story and have responded to WSB posts because I'm a (rogue) economist, not because I'm speculating. The mods who put up the WSB comm and designated it a "Dengist safe space" are too irony-poisoned to realize that people unfamiliar with Deng's role in opening up the PRC to exploitation by western capitalists (and the fact that "Dengist" is usually a pejorative) would interpret the comm as sanctioning participation in market speculation entryism instead of a quarantine for WSB posts that should probably be shut down when the hype dies down.
If nothing else I've realized just how easy it must have been for the CPC leadership to go in this direction in the 1970s-1990s after their country stayed dirt-poor for the first couple decades after the 1949 revolution while under constant siege.
I'm beginning to regret not pushing back harder against this kind of shit. I'm interested in this gamestonks story and have responded to WSB posts because I'm a (rogue) economist, not because I'm speculating. The mods who put up the WSB comm and designated it a "Dengist safe space" are too irony-poisoned to realize that people unfamiliar with Deng's role in opening up the PRC to exploitation by western capitalists (and the fact that "Dengist" is usually a pejorative) would interpret the comm as sanctioning participation in market speculation entryism instead of a quarantine for WSB posts that should probably be shut down when the hype dies down.
If nothing else I've realized just how easy it must have been for the CPC leadership to go in this direction in the 1970s-1990s after their country stayed dirt-poor for the first couple decades after the 1949 revolution while under constant siege.
Yeah, I used to work in a finance risk management and compliance adjacent role, and know about this stuff, so it’s fascinating to watch and talk about