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RanceJustice
Supreme [H]ardness
- Joined
- Jun 9, 2003
- Messages
- 6,629
Looking at this as a fun gambling exercise is one thing, but lets not forget that this kind of vulture investment and other market games - and lets face it, a fuckload of our late-stage capitalist hellscape nonsense - does immense harm to society in other ways, raises banking and investment oligarchs that contribute little to no real productive work to the economy, and further exploit the majority. These kinds of investment shell-games are predicated on being obtuse enough that those involved can keep saying "We're doing very complex things here you see, we're very smart. Better just leave us alone or else... nice little economy you have there, pity if something were to happen to it..." . Its literally a casino and the house (meaning the big banks and investment firms- who make money no matter what) always win; occasionally some peon being able to make a return and/or occasionally "win" doesn't mean that its a good system, no more so than a lottery and worse, many get hurt along the way. All this activity doesn't mean that somehow Gamestop will stay open longer, its employees will be paid better, some revolutionary new product or service will come out of it - its just picking at the bones.
Worse, those involved and profiting in this system typically put their money into making things worse for the rest of us and further maximizing their millions/billions on the process. The sooner we can come down on this kind of nonsense, high frequency trading, and more - the better. I'd easily give up the ability to make a relatively small return (compared to those banks and investment firms that control everything, large businesses etc) on what is essentially a casino siphoning money towards greater income inequality while doing harm, for economic democracy that benefits all involved.
Edit: Watching the big investment firms and analysts is sickening. They're generally claiming that "Oh see, look see the little people can squeeze us huge fiscal managers! Clearly this means we don't need any regulation, all we need is for a huge cohesive group of independent small investors to do this again and again, in perpetuity and clearly that will keep us in check"
Worse, those involved and profiting in this system typically put their money into making things worse for the rest of us and further maximizing their millions/billions on the process. The sooner we can come down on this kind of nonsense, high frequency trading, and more - the better. I'd easily give up the ability to make a relatively small return (compared to those banks and investment firms that control everything, large businesses etc) on what is essentially a casino siphoning money towards greater income inequality while doing harm, for economic democracy that benefits all involved.
Edit: Watching the big investment firms and analysts is sickening. They're generally claiming that "Oh see, look see the little people can squeeze us huge fiscal managers! Clearly this means we don't need any regulation, all we need is for a huge cohesive group of independent small investors to do this again and again, in perpetuity and clearly that will keep us in check"
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