What does the GameStop stock frenzy tell us about capitalism?
Liberation Audio18 Helmi 2021

What does the GameStop stock frenzy tell us about capitalism?

The closing days of January shook Wall Street with a struggle between powerful stock market players and amateur investors that left investment firms reeling with billions in losses. On one side were hedge funds that had bet big on stock prices dropping for the video game store chain GameStop and other companies. On the other, a large number of small investors coordinating on online platforms such as Reddit’s WallStreetBets forum to buy shares and encouraging others to do the same. These hedge funds were blindsided as prices quickly shot up in a matter of days fueled by amateur investors flooding the market with small purchases of GameStop shares. As of Jan. 29, investors who had bet against GameStop had racked up $19 billion in losses with the company’s stock price up some 1,800 percent since the beginning of the year. What happened, and what can working-class people learn from it? Read the full article: https://www.liberationnews.org/what-does-the-gamestop-stock-frenzy-tell-us-about-capitalism/

Tämä jakso on lisätty Podme-palveluun avoimen RSS-syötteen kautta eikä se ole Podmen omaa tuotantoa. Siksi jakso saattaa sisältää mainontaa.

Jaksot(364)

Overproduction: The absurdity of suffering amidst surpluses

Overproduction: The absurdity of suffering amidst surpluses

A popular coal-miner’s riddle from the 1930s summarizes one of capitalism’s most visible and absurd contradictions. After a daughter asks her father why their home is so cold, he tells her they don’t ...

11 Tammi 202517min

Thomas Sankara: Assessing the 3rd year of a revolutionary process

Thomas Sankara: Assessing the 3rd year of a revolutionary process

The eighth installment in Liberation School’s series of previously untranslated works by Thomas Sankara is published on the day Sankara was born in 1949. We would like to thank Bruno Jaffré and the ed...

3 Syys 202451min

The class struggle in every commodity: Use value and exchange value

The class struggle in every commodity: Use value and exchange value

Every year, Pew Research publishes a study on the U.S. population’s political priorities. Their 2024 report shows that, like the previous years, “no single issue stands out after the economy,” with al...

31 Heinä 202415min

Capitalist contradictions and revolutionary struggle: An introduction

Capitalist contradictions and revolutionary struggle: An introduction

Hearing or reading about the “contradictions of capitalism” in an article or at a rally might be intimidating, like a foreign language or a term only a certain group can understand. While the contradi...

12 Huhti 202419min

Capitalist urbanization, climate change, and the need for sponge cities

Capitalist urbanization, climate change, and the need for sponge cities

According to the United Nations Population Fund’s 2009 report, 2008 was the first time in history that over 50 percent of the world’s population resided in cities instead of rural areas. Because of th...

19 Joulu 202320min

Extradition of Alex Saab: U.S. takes effort to starve Venezuelans to new lows

Extradition of Alex Saab: U.S. takes effort to starve Venezuelans to new lows

Note: Following the original publication of this article, Alex Saab was extradited to Miami on October 16th 2021, and remains in prison awaiting an appeal. On March 18, The Cape Verde Supreme Court a...

18 Loka 20238min

From allies to comrades

From allies to comrades

Despite its association with sovereign nations involved in wartime alliances, the term “ally” has become influential in activist circles on the US left. Attention to debates over what it means to be a...

16 Syys 202326min

Liu Liangmo: China’s anti-imperialist, anti-racist, Christian revolutionary (pt. 2)

Liu Liangmo: China’s anti-imperialist, anti-racist, Christian revolutionary (pt. 2)

Liu Liangmo’s story is as remarkable as it is unknown. An anti-imperialist, pro-Communist Christian, with a significant relationship to the Black Liberation Movement and the Indian Freedom Struggle, L...

26 Elo 202324min

Suosittua kategoriassa Politiikka ja uutiset

uutiscast
aikalisa
ootsa-kuullut-tasta-2
rss-ootsa-kuullut-tasta
rss-podme-livebox
tervo-halme
otetaan-yhdet
aihe
politiikan-puskaradio
rss-vaalirankkurit-podcast
rss-girls-finish-f1rst
rss-seksicast
the-ulkopolitist
rss-mina-ukkola
rss-aijat-hopottaa-podcast
rss-mita-tapahtuu
rss-kaikki-uusiksi
rss-asiastudio
rss-ulkopoditiikkaa
rss-pinnalla