Between r/wallstreetbets, short selling, and a lot of GameStop stock, things have certainly been interesting on the stock market of late, but who are the real winners and losers here? And what does the #GameStonks saga reveal about the nature of the stock market and the function it actually serves in our society?
For this segment of “The Marc Steiner Show,” Marc is joined by investigative journalist Arun Gupta, whose work has been featured in outlets like the Washington Post, The Intercept, The Nation, Raw Story, The Guardian, and Jacobin; and Bill Black, associate professor of economics at the University of Missouri-Kansas, white-collar criminologist and former financial regulator, and author of the book “The Best Way to Rob a Bank Is to Own One.”
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** (Disclaimer: This video content is intended for educational and informational purposes only) **
Oh wow, I didn’t even know that they (Congress members) could hire lawyers to ask the questions! They’re so bad at doing it themselves, but I thought that’s the only process we had!
And who did the crash hurt? It seems the least of these or the least expected to loose their jobs and homes…totally screwed up!
The whole of the economy is a grff or con itself. The lie is that the economy is about economizing. A stricter definition, it's about markets, profit and loss, gross mismanagement of resources and ultimately will create extinction. Why because Earth is finite and human delusion is infinite. Earth has cycles of geologic activity and wild fluctuations in climate as we've seen. The weather has turned decidedly murderous. The end of the current order is the end of life as we know it. What has before will happen again. Creation and destruction is the natural order.
I inherited a few stocks and sold them asap. No matter what they promise, Wall Street always, always has a "story" about how they "lost" your money—"lost" meaning "stole."
The only economy that exist is that of Wall Street and the elite. The economy of Main Street does not matter to them
They just have the Central Bank print money, (create money) for them to spend or hoard first.
What was to trickle down is just hoarded.
What regulations and laws that be are not enforced.
YouTube silenced Masters report you can now find jon masters on "Masters Report Vlog" go subscribe and help fight back
My parents always said that stocks are for money you're willing to risk losing. Yet Wall Street has convinced people to put their retirement, even college money in the market. It's just nuts.
and yet all of trump's policies in the area favored isreal..
Roaring 20's repeat!
All agreed: Politicians are SCUM !!!
This was brilliant! getting them at the own game I can't stop laughing. shared!
Capone called the stock market a racket!
Informative segment…thanks!
The w worm has been unleashed in to the system and they are shiting themselfs 🤪🤪🤪🤪🤪🕉️ FREEDOM
How did Trump make Antisemitism great again? He was the best prez I$rael could buy and blackmail!
reads title Duh. Dog bites man: not news. Man vites dog: NEWS.
Bill Black should get his own show
Its always been a rigged game like the rest of the capitalist system.
Abolish private finance.
Fifty one percent of the U.S. Stock Market is controlled by 1 percent of the wealthiest people in the U.S.. The top 10% control 91%! That means 90% of investors hold just 9%, making their impact, long term, virtually meaningless. “Everybody knows the fight is fixed, the poor stay poor and the rich get rich…that’s how it goes, everybody knows.” Leonard Cohen