21023 Article(s) by: James Bloodworth

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James Bloodworth is a writer and journalist from London.

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.