The GameStop Saga Isn’t About Finance, It’s Part Of The Ongoing War Between Elites And Populists

The rules here are simple: Heads Wall Street wins, tails you lose.

For those who haven’t heard, there’s a bit of a brouhaha brewing with the video game retailer GameStop, which is publicly traded. Much of Wall Street soured on the company, believing it to be the next Blockbuster or Radio Shack: a dinosaur from a bygone era that has no hope of succeeding in the increasingly internet-run future. As a result, a major Wall Street hedge fund worth billions decided to make a bet that the company’s already low...