Re:Suck It, Wall Street
by rob74 on Friday January 29, 2021 @03:20AM
(#25955221)
Yeah, maybe he's a bit over the top, but he's got a point - and that point is that governments all over the world are indebting themselves to keep their economies afloat, and all that money ultimately keeps making the rich (be it hedge funds, the wallstreetbets guys or other investors) richer and the poor (who don't have loose cash to invest in stocks, but will have to pay in one way or another for the debts taken up by their government) poorer...
[ Parent
| on HN ]
correct. whole societies are taking on debt that will be paid by everybody and the future generations, just so that people who are making a lot of money get to keep making a lot of money. it's not even about limiting losses, it's flat out unacceptable that you earn 0 as long as there is a crisis. this goes also beyond the stock market, with people being forced to go to work during a pandemic, just so they can pay their rent. as if keeping people alive is less important than keeping a good ROI of landlords and/or banks that lent money.