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this post was submitted on 14 Apr 2024
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The most potent spiritual successor I've seen is the whole GameStop thing: an attempt to exploit a recursively over-leveraged predatory derivative scheme. Over-leveraged derivatives are the characteristic underpinning of most of the Wall Street fuckery that the Occupy movement was fighting.
I don't have any particular love for the company, but it's impossible to overlook the similarity. If I was going to hit Wall Street where it hurts, I'd pile onto an exploit like that. The more people on board, the better.
Oh shut up with GameStop. Not trying to be rude but how can you bring it up without mentioning the ways that the "protesters" helped the very same hedge fund managers get a fat payday? Or how notorious anti-capitalist Elon Musk supported it? Come on man wake up.
Then again OWS was a joke so I guess that absolute joke of a protest would make a fitting successor.
Thesis never changed, it's still shorted out the ass, still the biggest consumer-side rally against hedge fund market manipulation. If anything, the constant unsolicited cries that it's doomed and to shut up about it just reinforce the thesis. No one feels that strongly about other people wasting money unless they have skin in the game.