Game Stop: A bunch of redditors squeezing hedge fund boys

"The fundamental problem is not the existence of the stock market. (There is a good argument to be made that a publicly accessible stock market is far more democratic than the alternative, a system in which all control of the wealth of businesses is in private hands). The problem is that we have a country that operates under gangster capitalism, a system in which political power can be bought, and therefore political and economic power both concentrate themselves in the hands of a tiny, unaccountable class of elites. Whether the price of GameStop stock is one dollar or a million dollars will have no effect on this underlying situation. We don’t need to just switch out a few faces within their ranks. We need to redistribute wealth and power.

Want to know what would really piss off Wall Street? A financial transactions tax. A stronger labor movement. A more aggressive Consumer Financial Protection Bureau. A wealth tax. All of the pitchforks-and-torches sentiment we see now is great. But it only works if it accomplishes something that the forces of capital actually fear. Once you have bought your few GameStop shares, go unionize your workplace. Volunteer for a left-wing political campaign. I recognize that this sounds very fuddy-duddy, but I hate to see the burning anger of the masses squandered on what amounts to a doomed attempt to beat the house with a series of bets.

You can’t hurt the gangsters at the capitalist casino by shuffling the chips around to different bets. You take their chips off the table. That’s politics, baby. Organize."

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