On Robinhood and GME delisting, a marxist analysis

Kalash Nikov
2 min readJan 28, 2021

In analysis of the actions of Robinhood delisting GME, AME, and others, we can see the contradiction of a free market where money can be used to purchase virtually anything including legislatures and control over the market itself. What is important to note is that while America as a whole does indeed have a significantly stratification of the ownership class, that the concentration of bourgeois wealth and power in the hands of an elite few can and will turn many members of the bourgeoise into members of the proletariat by means of accumulation by dispossession

It is important in the long run to remind the bourgeoise that their strength as millionaires is at best temporal as market fluctuations and more presciently market manipulation can and provably will act against their interests. While we must understand Millionaires as dialectically opposed to the interests of the working class and our liberation; it is equally important in times like this to emphasize the point made by Paulo Freire that by liberation of the oppressed; even the oppressor becomes liberated; but only the oppressed can liberate both themselves and their oppressor. given infinite time, the oppressors will indeed become liberated; but only after the liberation of the oppressed. To do so we must be patient and explain to the petite bourgeoise slowly that capitalism will bring them to ruin, they can see the writing on the wall through the GME situation, and though they dream of yachts, they must see in themselves as workers as inevitably it is in their future. they must see the strength of community over selfishness and find in themselves happiness through mutual aid and community which is in contrast to the narcissistic, alienating lifestyle of the petite bourgeoise. there’s a reason poor people fuck more than the wealthy; and it’s because the love is real.

--

--