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

    • TreadOnMe [none/use name]
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      edit-2
      4 years ago

      It isn't. Paul Krugman says that people need to stop blaming the 'elites' and look towards 'serious policies'.

      The elites run the system and makes sure the outcomes favor themselves. The reason it is impossible to get 'serious policies' (lol) out is because regular people don't actually have any leverage within the system. Voting doesn't count because elected officials within this system are ultimately chosen and funded by the owners of the means of production.

      The only way to get 'serious policies' is through is through threatening a mass organized pull out of labor into the system. And even that might not work without threatening to organize a separate system to use those means of production to sustain the movement. The key is to actually have leverage in the negotiation, and continue to hold that leverage. Without it, it is impossible to look for 'serious policies' from the elites, and any policies that do come from them will likely be a day late and a dollar short.

      Edit: unless your take of not using the masters house means you also want 'serious policies', which is, unfortunately, also a part of the masters house.