21063 Article(s) by: Jonathan Sas

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Jonathan Sas has worked in senior policy and political roles in government, think tanks, and the labor movement. He is an honorary witness to the Truth and Reconciliation Commission of Canada. His writing has appeared in the Toronto Star, National Post, the Tyee, and Maisonneuve.

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.