How GameStop explains right-wing populism

“It is usually agreed,” Lord Keynes wrote in his General Theory, “that casinos should, in the public interest, be inaccessible and expensive. And perhaps the same is true of stock exchanges.” This, I think, is the lesson we are meant to take from the bizarre series of events that culminated in the disappearance of GameStop, a mall retailer, from various commission-free online trading platforms on Thursday morning after its shares rose as high as $480.

Before anything else, a confession: I have probably enjoyed the last two days of absurdity as much as I have any news story of the last four years.


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