2.5 Admins walks us through the basics of stock trading, shorts and squeezes, while podcasts Trashfuture and Chapo Trap House weigh in on the implications of who is and isn’t allowed to artificially drive the prices of stock up or down. Who makes the rules, who is allowed to break them, and most importantly to us, WHY?
But first, in order to understand the conditions that led to the emergence of financialization and eventually the past month’s Gamestop and related stock reaction madness, we’re going to hear some more from Dr. Richard Wolff about capitalism’s development in the American colonies, and what exactly went down in the 1970s that drastically changed the material conditions of the working class here in America.
Clip Credits
Chapo Trap House premium episode 493: Movies For The Blind feat. Jesse Hawken, aired Jan 28 2021
Chapo Trap House is produced by Will Menaker, Matt Christman, Virgil Texas, Felix Biederman, Amber A’Lee Frost and Chris Wade. You can find more of Jesse Hawken’s posts on twitter at @JesseHawken and podcasts on Patreon.
Bad Faith episode 39: The Red Green with Professor Richard Wolff, aired Jan 21 2021
Bad Faith is produced by Briahna Joy Grey, Virgil Texas and Ben Dalton. You can find more of Dr. Wolff’s work, podcasts and publications at https://www.rdwolff.com/
2.5 Admins episode 24: Stonk Amplification, aired Feb 4 2021 2021
Two-and-a-Half Admins is produced by Allan Jude, Jim Salter, and Joe Ressington at 2.5admins.com.
TRASHFUTURE premium episode Bury Me with My Diamond Hands: the Gamestop Episode feat. Quantian1 and Neoliberal Dad, aired Feb 1 2021
TRASHFUTURE is produced by Riley, Milo, Hussein, Nate, and Alice. Guests Quantian and Neoliberal Dad can be found posting on Twitter at @quantian1 and @neoliberal_dad respectively.
Music Credits
Theme song: The Truth Is So Boring by Soulwax.
Ending music: Money Game and an original clean edit of Money Game, Part 2, both by Ren