Options trading is sold as a way for average people to make money off the stock market. But it’s not: small-time investors are being systematically fleeced.
Clark Randall is an independent writer from St. Louis, now based in Berlin. His work considers questions of race, class, and housing in the United States and internationally.
Six workers were killed last month because Amazon insisted they keep working during a tornado. The corporation’s poor safety record and sky-high staff turnover are caused by one thing: treating people as disposable is better for Amazon’s profits.
The start-up trading app Robinhood invoked Occupy as it promised to fix a “rigged” financial system. But the firm now faces class action lawsuits for scamming its millions of novice customers — showing that “democratizing” finance is just a way of finding more people to prey on.
Earlier this month, Cori Bush ousted a ten-time incumbent to become Democratic nominee for Missouri’s 1st congressional district. She told Jacobin how her experience as a BLM and public housing activist shaped her campaign — and how she’s planning to bring the movements’ demands into Congress.
In St. Louis, the demand to defund the police has dovetailed with long-lasting struggles against cash bail and the abuse of prisoners. The Board of Aldermen’s passing of a bill that promises to start closing the city’s most notorious jail reflects the movement’s strength — but also the need for pressure to ensure that abolitionist demands are not watered down into merely cosmetic reforms.