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LegalEagle
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Comments by "" (@TheArklyte) on "Illegal Trading on GameStop? or WallStreetBets: The Stonkening" video.
@AdmiralBison Wall Street is just full of glorified clerks, many of whom aren't good at their job. They'd be replaced the next day and stock exchanges in other countries would work meanwhile. That 1% you talk about lead quiet sheltered life and don't flash their names.
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Whole Gamestop situation is a good example of three things though: 1)despite all the claims from stock market "residents", ordinary people AREN'T welcomed on stock market; 2)despite all the claims from stock market "residents", 99% of americans aren't involved with stock market as players, only as pawns; 3)despite all the claims from stock market "residents", nobody is interested in teaching ordinary people proper handling of their portfolio and workings of stock market. In other words, the preferred situation is to have it as a closed away cycle. Which means that it remains a tool of speculation instead of being a tool of market self balancing:( Sadly same goes to politics("good people don't do politics" myth alone) and jurisprudence(you're one of the exceptions trying to popularize and open it) which won't be touched properly even on surface level by public education. Because the point is to make workers, not citizens.
4
Whole Gamestop situation is a good example of three things though: 1)despite all the claims from stock market "residents", ordinary people AREN'T welcomed on stock market; 2)despite all the claims from stock market "residents", 99% of americans aren't involved with stock market as players, only as pawns; 3)despite all the claims from stock market "residents", nobody is interested in teaching ordinary people proper handling of their portfolio and workings of stock market. In other words, the preferred situation is to have it as a closed away cycle. Which means that it remains a tool of speculation instead of being a tool of market self balancing:( Sadly same goes to politics("good people don't do politics" myth alone) and jurisprudence(you're one of the exceptions trying to popularize and open it) which won't be touched properly even on surface level by public education. Because the point is to make workers, not citizens.
4
@resonantdave problem of French Revolution is that it was so bloody, was so villainized in propaganda and brought Napoleon in power so unexpectedly so that it basically stopped many other revolutions because people preferred to continue to suffer under authoritarian feudal slave states rather then risk it. Good example is Russian Empire in 1830-1917 ie "lost century".
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@KobolsHarper bonus points in having a great job opportunity for your children. Who cares if a fund manager blows it all away on actives they don't understand and millions of ordinary people lose their pensions? A pat on the back and "try again, son".
2
@Karl Marx ironic, considering Marx said that capitalism is needed step and even published one of the crucial works on it... but who reads him, right?:D
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