January 01, 2021 By Christopher Bucchere



This Gamestop saga reminds me of why we have gun control laws. White people marching in the streets with guns = a well regulated militia. Then the Black Panthers tried that and BOOM: instant gun control laws.

Similarly, hedge funds hire some of the smartest mathematicians in the world to find ways to steal, rape, and pillage billions of dollars, all within the bounds of the law. Then they get owned by a bunch of loser armchair finance bros on reddit, and BOOM, now everyone is calling for new laws and regulations to protect the money of the top tenth of one percent.

This also reminds me of the bank and RE bailouts in the early aughts. Just another example of how the establishment gets the benefits of socialism, while the ass-end of unregulated capitalism consumes the rest of us.

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