21063 Article(s) by: Zola Carr

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Zola Carr is a doctoral candidate at Columbia University, working on a dissertation on the development of experimental brain implants for psychiatric disorder.

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.