Re: GameStop Never Stops

2021-02-04 Thread Felix Stalder
For me, what binds these three movements -- BLM, #StopTheSteal, and #Gamestop -- together is not that they are populist (though, depending on your definition, they might be), but that they advance radical institutional critiques of the main pillars of contemporary society: the police, democracy,

Re: GameStop Never Stops

2021-02-04 Thread Brian Holmes
Florian I totally enjoy debating with you and there is not an ounce of aggression or one-upsmanship intended here (nor taken, as far as I can see). So after this precaution let me point out that BLM is a Black -led movement, but not a minority one. Like the Civil Rights movement before it, but

Re: GameStop Never Stops

2021-02-04 Thread Florian Cramer
> > Finally, why not call BLM populist? > BLM probably fits Laclau/Mouffe's definition and notion of populism as agonistic. But since the movement is reclaiming minority rights, I don't think it fits Müller's and Mudde's definition of populism as positioning a majority of "the good people"

Re: GameStop Never Stops

2021-02-04 Thread Brian Holmes
On Thu, Feb 4, 2021 at 4:33 AM Florian Cramer wrote: > > Turns out that one of the big winners is (drumroll): a hedge fund, Senvest > Management, > which made a profit of $700 million from selling Gamestop shares that it > had cheaply > acquired in September to Gamestop/Robinhood players: > >

Re: GameStop Never Stops

2021-02-04 Thread Joseph Rabie
> Le 4 févr. 2021 à 11:32, Florian Cramer a écrit : > > Postscript to Jens Berger's article that I had posted yesterday: > > > This leads to the overlooked question: Who did sell the shares to the hedge > > funds and the hobby speculators during the turmoil? Were it professionals > > like

Re: GameStop Never Stops

2021-02-04 Thread Florian Cramer
Postscript to Jens Berger's article that I had posted yesterday: > This leads to the overlooked question: Who did sell the shares to the hedge > funds and the hobby speculators during the turmoil? Were it professionals > like ['Big Short' investor Michael] Burry, [Elon] Musk and the Winkelvoss >

Re: GameStop Never Stops

2021-02-03 Thread Florian Cramer
An addition to Bodo's (IMHO) excellent analysis, written by the economic journalist Jens Berger on the German left-wing political blog "Nachdenkseiten" ("Reflection Pages"): "[...] There are certainly some shrewd strategists among those amateur speculators; people who early on grasped the

Re: GameStop Never Stops

2021-02-03 Thread Brian Holmes
On Wed, Feb 3, 2021 at 10:34 AM Balazs Bodo wrote: > Yes, I agree, on an abstract level, it is fascinating to see congress > members and presidents recruiting flat-earthers, non-voters, q anon shamans > to carry out a coup, as much it is fascinating to see Musk mobilizing > anonymous reddit

Re: GameStop Never Stops

2021-02-03 Thread Molly Hankwitz
hello! there has been talk of "empowerment" because it seems ordinary people who are not rich can somehow skew or affect the stock market...and in this time of billionaire "domination" that seems a victory. Love this analogy to opiod epidemic...how about the vaccine debacle? vaccines seem like

Re: GameStop Never Stops

2021-02-03 Thread Balazs Bodo
Hello, may I be the grumpy old man here? I am a tad tired to be fascinated by the latest madness that emerges from the intersection of a US technology companies running amok, a US society which i see struggling with deep political, social, economic problems, and the psyche of mostly US citizens,

Re: GameStop Never Stops

2021-02-02 Thread Sam Dwyer
Two days ago an otherwise sensible friend, a political organizer, earnestly and then angrily tried to convince me that purchasing stock in Gamestop was somehow striking a blow against capitalism. I was and remain very perplexed at how people could believe such a thing. ONE WEIRD TRICK THAT BANKS

Re: GameStop Never Stops

2021-02-02 Thread Florian Cramer
Just to clarify: On Tue, Feb 2, 2021 at 6:14 PM Max Herman wrote: > I wonder if there is a meaningful distinction between BLM and the alt-right phenoms recently accelerating. How do we distinguish between progressivism and populism? > > To my understanding BLM is not necessarily populist per

Re: GameStop Never Stops

2021-02-02 Thread Florian Cramer
GameStop checks all boxes of 'populism' as it has been defined by political scientists Jan-Werner Müller and Cas Mudde, namely as a revolt of "the good people" against "the corrupt elites". (I am less sure whether it would also check the boxes of populism as defined by Laclau/Mouffe). As you

Re: GameStop Never Stops

2021-02-02 Thread John Young
With the stock market playing a major role in US economy it would make sense for the GameStop enterprise to be initiated and funded by a nation state to destabilize the US with cyber means and eager crowds to whack Wall Street and its principal supporters with their own tools. # distributed

GameStop Never Stops

2021-02-02 Thread Felix Stalder
I find the GameStop saga endlessly fascinating, on so many levels. For one, it's a fitting continuation of the year of American discontent, that started with #BLM, continued with #StopTheSteal, and reached now Wall Street with #Gamestop. Politically, these movements are, of course, very