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Jan 28, 2021 3:33 PM
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michaelfire
So much for the myth of the free market- “We all too often have socialism for the rich and rugged free market capitalism for the poor." -MLK
TheGhostofElizabethShue
Of course not, it was an excuse to justifying the terrible things they were doing to you as somehow inherently fair.
datester35
When they say free market, I guess they mean free to limit buying and selling of shares as well
forelle
Yeah, because the free market is a fucking myth created to make you believe you can become billionaires if you skip enough avocado toasts.
Zatherous
and the "law and order" party doesn't like law and order, imagine that
Azawarau
American libertarianism is a bigger joke that anything the republican party has done. They're a bunch of children
ruste
Libertarianism is just anarchy with extra steps
FriendlyNeighborhoodLoner
I'm in the free market crowd. A free market is a good thing. An oligopoly masquerading as a free market is not a good thing.
ChallengerDeep
"Socialism for the rich, rugged individualism for the poor." - Martin Luther King Jr., 1968. Nothing new.
DaisyfromDownunder
Markets always operate in ignorance. That's why inside info is effective.
BubblesTheFish
I'd be seriously upset if my free money printer suddenly started costing me more money than it was printing.
MutualAid
As usual Chomsky has wisdom on the topic: enjoy https://youtu.be/o_2A684dAdA
donutposse11337
The thing is, as long as nobody is sharing inside information by breaching a duty, I’m not seeing a law violation.
NiceLegsDaisyDukesMakesAMAAANOUTOFYOOOUUUU
Zahnradfee
That's what we leftists have tried telling you all the time.
Inkfinger
By free market they really mean "We can do whatever we want with your money you filthy plebs"
TheWombatStrikesAgain
Like every shitty pirate movie's definition of "free": the freedom take what you want from those who are too weak to stop you.
yoyo42
Freedom for me and not for thee.
Molebutt3
Much like the masks, eh?
PrettySureNoActuallyImDefinitelySure
Correct! I've said this to people when they want to have "intellectual conversations" and they act like I'm crazy or just don't understand.
donjohngamer
Just invest in bitcoin nice and decentralized
romagnolimike27
Never did.
lochetebay4
Wikipedia https://en.m.wikipedia.org/wiki/Robinhood_(company)#Controversies
UnrealDreamer
They never did.
RawDawgPowder
Free market for the Rich, no real market for the poors
SeveralSpeciesOfSmallFurryAnimalsGatheredTogetherInACave
They like controlling it a lot.
OrdinarilyBob
scuba7jb
When market prices get completely detached from their underlying value, bad things happen...
BisonMooseDuck
And/or when those making bets are insulated from risk
hypermarv123
Bad for some people, good for other people. As a market should be.
imakesoft
Tesla?
XIXXXVIVIII
If the free market decided tesla wasn't worth it, ol' musky would not be as happy about that outcome as he is about this one. Dude's a dick.
EalisLav
Well, unpopular opinion: the current Gamestop 'heist' is a bad thing for market. However, this means that 'market' is sick, since >>
in70x
I think that’s the point
efhawthorne
Yeah, so the hedge funds shouldn't have been able to short like they did. However, they did (illegally), and now it's time for them to pay.
EalisLav
the current state of it allows situation like current - AND other massive speculations or subtle manipulations...
EalisLav
Also, I am strangely satisfied and with a sense of justice served now :)
crayons4all
I definitely have a raging justice boner atm
omh2
It is bad for the market, but it's bad for the market because a hedge fund was allowed to sell 140% of a companies stock in an effort to
omh2
crash it and cash out at the expense of real stock holders, not because they got called out on their market manipulating BS
macthelost
Of COURSE it’s bad for the market, that’s the point! They’re trying to sink the ship in hopes of killing the captain. That’s the free market
WeRatePosts
Yeha but is worth "killing" thousands of innocent to bring down the captain? That's kinda what's happening imo
macthelost
Nobody that plays the game is “innocent”. When you gamble, you don’t get to whine that it wasn’t fair when you lose.
cepacolusmaximus
Nah, man. Redditors pitched in $20 or so dollars at it to fuck the hedgies. They're Not expecting it back.
gluttonygreedpridewrathslothlustenvy
Thousands of rich people who use the stock market to inflate their wealth? Absolutely.
Dhatudhatu
Who are the innocent people here? The people who bet their money in the hopes of making more money? Get out.
Usersubmadememakethis
If you have money in a hedgefund you can afford to lose it. Gambling comes with risks. The "captains" are money hoarding companies. Not ppl.
ToastyMozart
Then their qualms should be with the hedge fund that blew their money illegally naked-shorting 148% of a company.
WeRatePosts
I think you're missing my point. I totally agree with bringing down hedgefunds and general elitists at the top. But I'm talking about [1]
WeRatePosts
The average Joe's that will most likely see jobs and savings lost due to economic turmoil [2]
WeRatePosts
But the on the other hand, maybe a lot in USA is so fucked that it actually doesn't matter. It will def be interesting to see what happens