GameStopping Freedom: The Pseudo-Elites Use Censorship to Keep the Little Guy Little

By Selwyn Duke

By now, most everyone knows the story of how Establishment Finance gamed the system to gag and stop GameStop investors. The “apex predators of capitalism, hedge funds are accustomed to raking in billions by driving companies into the ground and feasting on the carcasses,” as one observer puts it. But, somehow, it’s not okay for large groups of regular-guy investors to possibly drive a predatory hedge fund into the ground and perhaps feast on its carcass.

So what did happen the Thursday before last, when the powers-that-be halted acquisition of GameStop stock to allow billionaire hedge funds to shore up their most vulnerable “short positions”? Well, it’s a bit as if someone had intervened in the Battle at Kruger — a famous 2004 event in which Cape buffalo, shockingly, turned the tables on lionesses that were killing one of their young — and had isolated the herd so the predators could finish the baby off.

But perhaps underappreciated about the GameStop stop is how Establishment Finance used censorship to stymie its competition.

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