20997 Article(s) by: Wouter van de Klippe

PreviousPage 584 of 1050Next

Wouter van de Klippe is a freelance journalist and writer based in Europe. He is particularly interested in organized labor, social and environmental justice, and social welfare states.

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.