3/ Everything happening is part of a Great Correction, messy & painful but needed. GameStop was a shot across the bow. American capitalism will claim an ethical center & the US government will insist on it with appropriate regulations or the tower is going to fall #LetThePeopleIn
2/ It is totally understandable why tens of millions of American young people would say “What has global capitalism ever done for me?” They figure “What is it about socialism that should scare me? The free healthcare or the free college?”
1/ You can’t be a capitalist if you don’t have any capital. People who have been consistently and routinely kicked out of a system that distributes capital unfairly have an understandable resentment of how that system is played.
2/ At which point, or so I predict, the former anti-capitalists (maybe still anti-capitalists) who now have a bit of capital are going to figure out how to blow the lid on this thing. Fascinating unexpected chess. Game on.
1/ So let me get this straight. Some anti-capitalists became capitalists for a few days and did really well at the game, at which point the capitalists who were already there decided that that wasn’t acceptable and tried to lock them out.
It absolutely should not, and need not, be at the expense of American workers. There should be a just transition as their skills are re-purposed, with government compensation if needed in the meantime.