Stock Market: Kicking Our Addiction
How GameStop has revealed the weakest link in our economy
The stock market is possibly the most egregious waste of enterprise in all of human history. We use it to measure the strength of our economy when in fact it represents our economy’s weakest link.
Recently, members of the subReddit WallStreetBets have highlighted the weaknesses that make the stock market a sleeping threat to our economy. While Wallstreet bet against GameStop, the members of this forum started a campaign to push up the value of the stock, creating a scenario where hedge fund managers and investors who bet against the stock stand to lose billions.
While some sources are trying to paint them as memers or “bros” the truth is these are activists who see themselves as taking a stand against the double standards our economic system places in favor of the wealthy. Bailing them out in a crisis while simultaneously allowing every day citizens to flounder.
A Redditor recently posted:
These are concerned people taking a stand in the only way that Wall Street and our government will listen. But it also lays bare an even deeper problem facing our society…
