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
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.
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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