Well, someone had to say it. The way the Extremely Online Left was treating this affair as a socialist revolution was deeply dispiriting. This excellent analysis shows how the left makes itself deeply vulnerable to right-wing co-optation. https://nymag.com/intelligencer/2021/02/gamestop-wallstreetbets-twitter-populism-progressives.html
I didn't say anything at the time because I didn't fancy getting harangued for my trouble, but this bit about Elizabeth Warren--portrayed as some kind of traitor because she did her job and correctly assessed the situation--is spot on.
If you expressed any scepticism or critique of what was happening, even from a left wing perspective, you'd find yourself branded a hedge-fund apologist. And there were some very smart people doing this!
There are isolated stories of working-class people making bank on GameStop, paying off medical debt and more. But this is no more an endorsement of WSB than poor people winning state lotteries is a validation of *that* system.
Rewards for the lucky, plucky few, with losses and debt for the rest, are not revolutionary. It's just more capitalism.
And WSB wasn't exactly hiding its ideological colours here.
And WSB wasn't exactly hiding its ideological colours here.