Did you hear the news?
A group of Reddit investor bros have figured out a way for small investors to cost hedge funds tens of billions of dollars and have exposed our rigged economic system which favors the rich and powerful. Something like 75% of the country is cheering them on. Not everyone is happy though. Some people are miserable about it and it is exactly who you would expect. It is the culture war modernists who succeeded in steering and crashing Bernie Sanders’ 2020 campaign into the woke ditch.
Thomas Frank has created the useful term “anti-populist” to describe these people and has written a book about them. I vividly remember Occupy Wall Street and how these White middle class, college educated liberals, the bums and drug addicts and the socialist purity spiralers came out and ruined it with bizarre things like the “progressive stack” which created a racial pecking order of speakers. They made the movement radioactive to ordinary White people by injecting it with proto-wokeness.
We don’t want socialism. Just give us a market & government that isn’t corrupt.— WSB Chairman (@WSBChairman) January 28, 2021
They saved the hedge funds, but we can’t even get our stimulus checks?— WSB Chairman (@WSBChairman) January 29, 2021
The entire system has been exposed as corrupt. We must stand united as one people. The media will try and divide us again, but we must not give in.— WSB Chairman (@WSBChairman) January 29, 2021
Seeing online "anti-fascist" chatter that Reddit taking on the hedge funds is dangerous fascist activity… lol— Michael Tracey (@mtracey) January 29, 2021
Basically things were “normal” to this man when hedge funds sold more shares than exist, a mathematical impossibility, To kill a business with 1000s of employees struggling through a pandemic. But calling the hedge funds bluff on it is against his rules. pic.twitter.com/7KuKKnG0gY— Syrian Girl ???? (@Partisangirl) January 29, 2021
They were the ones who destroyed Occupy Wall st. for their corporate paymasters and turn it into a woke-fest attacking poor Whites rather than actual Wall st scum. Now they are back to try and save their masters again.— Ulfric 5% (@Ulfric74) January 29, 2021
Foot soldiers of Wall Street have been activated. https://t.co/hTeeZ4LLME— Striker (@Striker05381540) January 28, 2021
Antifa Capital seems to have agreed upon a script and now are coming out the woodwork. ??? https://t.co/7NYwon2MUa— Striker (@Striker05381540) January 29, 2021
WE HOLD— Ricky Berwick (@rickyberwick) January 28, 2021
This is so great. Everyone is united in tweeting about how much they hate Wall st. About time. I can log off very happy. ???— Ulfric 5% (@Ulfric74) January 28, 2021
Trading halted for volatility— Allum Bokhari (@LibertarianBlue) January 28, 2021
Voting halted for volatility
Social media halted for volatility
Constitution suspended for volatility
Throwing you in the gulag for vo
Andrew Jackson’s proudest accomplishment was that he killed the banks— PumpkinFace (@MrPumpkinFace1) January 28, 2021
They’re trying to erase him, so this is what happens
WHY WILL THIS CREATE FASCISTS?— Der Katsfoter – kto znaet? (@derkatsfoter) January 28, 2021
The squeeze of GME and other short-sold positions is a kind of mass economic warfare being perpetuated by the petit-bourgeoisie and labor aristocracy. The lead investor at WSB invested $50,000 at the start of the GME squeeze. These are by and large
young men in the petit-bourgeois stratum gambling with spare money. A brief skim through the subreddit indicates that many are posters in other financial subreddits as well; there are some doctors, lawyers, and other obviously p-b strata as well as the children of petit bourgeois— Der Katsfoter – kto znaet? (@derkatsfoter) January 28, 2021
or labor aristocrats. Their “opposition” to the big bourgeoisie is completely aspirational; they don’t oppose the existence of these power brokers, but rather wish to join their ranks. However, as the rate of profit has fallen, fewer and fewer of the upper ranks of the— Der Katsfoter – kto znaet? (@derkatsfoter) January 28, 2021
petit-bourgeoisie have been able to rise into the haute bourgeois class. This has made these higher petit-bourgeois restive and angry. They are not going to be radicalized to socialism by this blatant power play by the big bourgeoisie. They are turning, even now, into fascists.— Der Katsfoter – kto znaet? (@derkatsfoter) January 28, 2021
Their subreddit resounds with the proto-fascist discussions of third positionism – “neither left nor right, but all against the middle” – which will soon join with the underground fascists retreating from their mostly-successful Capitol Riots. They are laying plans to break the— Der Katsfoter – kto znaet? (@derkatsfoter) January 28, 2021
“rigged crony-capital system.” How long before they equate that rigging with Jewish financiers? How long before they are open fascists, instead of proto-fascists? Not long. The mistakes of Citadel and the SEC are playing into the hands of the right haute-bourgeoisie.— Der Katsfoter – kto znaet? (@derkatsfoter) January 28, 2021
You see, the aims of the petit-bourgeois strata that has been locked out of competition are not the same as the aims of the proletarian masses yearning for freedom; the interests of the petit-bourgeois are to open up the ladder to bourgeois success once again— Der Katsfoter – kto znaet? (@derkatsfoter) January 29, 2021
How do they envision this happening? By the return to the worldwide looting of other regions, to the “free market” of the joint-stock company, of the adventure of the Railroad boom, and the Trail of Tears, of the Dutch East India company and the enslavement of millions— Der Katsfoter – kto znaet? (@derkatsfoter) January 29, 2021
They don’t put it this way, of course, but when they say “we want free markets!” what they mean is a return not to unregulated capitalism (they hate regulations and controls!) but to a period BEFORE MONOPOLY capitalism, the period of direct accumulation when a young imperial— Der Katsfoter – kto znaet? (@derkatsfoter) January 29, 2021
man of the right skin color and the right capital could go out and make a killing in the colonies. This is why fascism is essentially colonialism, and why there is an inextricable link between the two. But again, as colonialism makes the building blocks of capitalism,— Der Katsfoter – kto znaet? (@derkatsfoter) January 29, 2021
fascism operates on a higher level, with all the old building blocks *already in place.* This gives it an inherently different material character, even if we can see echoes of the old colonial genocides and liquidations— Der Katsfoter – kto znaet? (@derkatsfoter) January 29, 2021
The $GME movement started on the WSB subreddit, but it has spread far beyond that. No matter how much mods protect that subreddit from this ??, you cannot deny that there is widespread cheerleading, promoting + self reported participation by many who are motivated by antisemitism pic.twitter.com/ZrrHPS5tOn— Hilary Sargent (@lilsarg) January 29, 2021
You can choose to ignore it. You can pretend it’s not there. You can send me mean DMs. But none of that will change the reality. A better idea is to understand/address it.— Hilary Sargent (@lilsarg) January 29, 2021
I’m not suggesting most people involved hold these beliefs. But don’t ignore who is joining in — and why. pic.twitter.com/ejLNcngELf
“You’re attacking the system wrong!”— Always Comfy (@ComfierUSA) January 29, 2021
They aren’t even purposely being excluded, but because they can’t subvert the action, they whine.
Occupy Wall Street ended in failure because people like Gwen here turned it into a freak show. Not going to happen this time. https://t.co/E3FGHnBLnP
And yet these people accomplished more than Occupy losers ever did https://t.co/IbCYzXWGAF— Pedro L. Gonzalez (@emeriticus) January 29, 2021
Wait for it.
There is a new “white supremacist” movement stalking the country. It is “fascist” and “anti-Semitic” and “hate speech” to attack hedge fund billionaires!
Free speech is also “fascist.” Billionaires and corporate monopolies should have the unchecked power to collude to silence their critics. Nothing is more “fascist” than building coalitions representing 3 out of 4 Americans to dismantle unchecked corporate power, monopolies and oligarchs. Compromising with people who share different cultural views in a country of 328 million people is “fascism.”
Populists have always believed in economic fairness and a broad distribution of wealth. The movement was rooted in 19th century Jeffersonianism. The working class and lower middle class in this country tends to be socially conservative and economically moderate. They want restraints on capitalism, markets and private property so that economic growth benefits everyone, not all of this bizarre cultural shit.
The country is not as hopelessly polarized as it seems. There are a small group of very wealthy, powerful and evil people on both sides who have a vested interest in ensuring it stays that way. The overwhelming majority of Americans agree on the big issues more than they disagree.