opal-lee

19659 Articles by: Opal Lee

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Opal Lee is a writer.

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.

The Biden Administration Is the Californication of the Democratic Party

California’s post-Reagan drift into the welcome arms of the corporate-friendly Democratic Party has meant a politics that looks like an elite lifestyle brand. It’s a state where social liberalism reigns, but so does staggering poverty and inequality. The Democratic Party has failed California and unless things change, it will continue to fail our nation.