What's terrifying to me here is how little actual law enforcement there is against the rich and well connected, when they do wrong. If you allow a rigged game, it will rot the entire system.
Reddit's GameStop, AMC surge is the new Occupy movement
61–70 of 281 posts
Re: Reddit's GameStop, AMC surge is the new Occupy movement
#62Good. I'm tired of fake Economics where the value of a company or the product is not made from the real value of it, while some yuppies get rich in the proccess. The more they cry, the better. Hope is collapses so "middle" and low class workers can get fair prices of what they earn by doing actual hard work. Because this will create a good crash, dont fool about it. It will harm everyone, but at least this Century wi…
Totally. You know Uber has yet to turn a profit? This is in spite of talking as much of an advantage of a labor force as possible.
Re: Reddit's GameStop, AMC surge is the new Occupy movement
#63Earlier quoted context omitted.
Parent isn't claiming GME is "real" economics. Parent is claiming GME will help pull down our current fake system, and help the middle and lower classes receive fair compensation from the system. Whether this approach works or not, I don't know. But the status quo isn't tenable for a democratic society. This chart says it all: https://www.epi.org/productivity-pay-gap/
What did happen around 1979 to have such a clear change?
A few things happened around that time that might of contributed. Movement to a fiat currency as opposed to the gold standard, women joined the workforce in larger numbers through the 70's and 80's, globalization as a concept was born and outsourcing boomed.
Re: Reddit's GameStop, AMC surge is the new Occupy movement
#64It’s clear who’s mad when news media is equating this to the capitol riot.
Re: Reddit's GameStop, AMC surge is the new Occupy movement
#65Earlier quoted context omitted.
> I'm tired of fake Economics where the value of a company or the product is not made from the real value of it I still don't understand how Tesla is valued so high when they're still figuring out panel gaps.
Tesla is one of the few modern companies whose value actually makes sense to me. They actually make something! that people want to buy! that's way better than most of ad-tech which seems like a multi-layered pyramid scheme.
So does Toyota, which makes more things that more people want to buy, and yet is only valued at a quarter of Tesla.
Re: Reddit's GameStop, AMC surge is the new Occupy movement
#66Good. I'm tired of fake Economics where the value of a company or the product is not made from the real value of it, while some yuppies get rich in the proccess. The more they cry, the better. Hope is collapses so "middle" and low class workers can get fair prices of what they earn by doing actual hard work. Because this will create a good crash, dont fool about it. It will harm everyone, but at least this Century wi…
I also don't care about a hedge fund losing out but Id hardly call the current value of Gamestop to be "real" Economics. And for the few /r/wsb guys and girls making a killing there are a lot more late comers who will lose big, and can't afford to.
Why do they care this time. No one cared in 2000 and the 2008 bubble. No one cared that new investors are bidding up worthless SPAC and new public companies. Why do they all a suddenly care that retail is going to lose a ton of money when retail always loses a ton of money. Retail always joins the bubble towards the end of the cycle.
Re: Reddit's GameStop, AMC surge is the new Occupy movement
#67The only thing more ridiculous than the rise in the GME stock are these attempts to frame this is some sort of culture war. All this is is a bunch of people on an online forum trying to make a quick buck; it's not some grand statement against Wall St. or whatever.
...yet.
Re: Reddit's GameStop, AMC surge is the new Occupy movement
#68CNET also known as the source for economic and social movement reporting is combining both in an article? Strange. They wouldn't be trying monetize a popular trending topic would they? Won't even open this click bait garbage.
Re: Reddit's GameStop, AMC surge is the new Occupy movement
#69The only thing more ridiculous than the rise in the GME stock are these attempts to frame this is some sort of culture war. All this is is a bunch of people on an online forum trying to make a quick buck; it's not some grand statement against Wall St. or whatever.
It may have started for the lulz but has seemingly morphed into a culture war/statement. I think for each person involved, it means something unique to them, which is culturally and historically significant.
Re: Reddit's GameStop, AMC surge is the new Occupy movement
#70The only thing more ridiculous than the rise in the GME stock are these attempts to frame this is some sort of culture war. All this is is a bunch of people on an online forum trying to make a quick buck; it's not some grand statement against Wall St. or whatever.
Wow, you really have no idea what this is all about.