20404 Article(s) by: Frances Abele

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Frances Abele CM is Distinguished Research Professor and Chancellor’s Professor of Public Policy Emerita at Carleton University. She is a research fellow at the Carleton Centre for Community Innovation and the Broadbent Institute. Much of her work focuses on indigenous-Canada relations.

The Response to the GameStop Fiasco Shows It’s Still Wall Street’s Economy

Now that hedge funds are losing billions to Redditors buying stocks like GameStop, Wall Street wants heavy-handed intervention into the market, and brokerages have clamped down on the upstarts. It’s a reminder that there’s no such thing as “people’s capitalism” or “shareholder democracy” — the capitalist economy is structured to do what’s best for the business elite.