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28 Jan, 16 tweets, 3 min read
The people making money on $GME are not the proletariat. The people making the money on $GME are, at best, the petit-bourgeoisie and labour aristocracy, but mostly just Blackrock. markets.businessinsider.com/news/stocks/bl…
"Revolutionary praxis" is when you enrich one of the biggest investment firms on earth further. The richer BlackRock gets, the more revolutionary it is.
No, I will not let you enjoy imagining that class struggle is an investment portfolio
I don't begrudge anyone the surgery/goods that they're able to afford with this. I'm sure some poorer people have benefited greatly. I'm happy for them. I'm concerned with making clear that this is not a political tactic that can advance the working class because I'm a communist.
If you're wondering what movements this is less important than, you're blinkered to a lot of the world right now. Look at Haiti, look at Chile, look at India, even look at France ffs - those are infinitely more important and, on the whole, less commented on by Twitter "Marxists".
Crucial read on this
Look how well Ryan Cohen did out of this businessinsider.com/gamestop-stock…
What Ryan wants to do with GME: “GameStop needs to evolve into a technology company that delights gamers and delivers exceptional digital experiences – not remain a video game retailer that overprioritizes its brick-and-mortar footprint and stumbles around the online ecosystem."
Last source: bizjournals.com/dallas/news/20…
So this is leading stocks to plummet. They wanted liquid capital, they got the liquid capital and then they fucked you.
The point that the stock market is irrational and anti-working class could definitely have been made another way. If there are any proles here, they are the ones losing out most. Let's be clear.
The point of this app and all those like it is to spread risk and gain money capital (liquid). Even were you allowed to participate as “free investors”, you’re being rinsed.
the “left“ influencers who encouraged this are either completely economically illiterate or not on our side
Next moves, i reckon, will be that Ryan asset strips GameStop physical locations and launches an online store under the brand of being partly a reddit related brand
When it comes to stocks; the master’s tools *are* the master’s house.
And with that, i’m logging for the weekend. This has been thoroughly mind numbing and i need my brain cells back.

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More from @GlumBird

GlumBird Profile picture
26 Jan
If your response to Britain reaching 100,000 COVID deaths is to wax lyrical about Corbyn and to insist everything would be fine if we had "just locked down soon enough" then you aren't analysing the pandemic, you're canvassing for the Labour Party.
How is this useful?
What would resigning do aside from put a different Conservative eugenicist in power or lead to the election of a man who has agreed everything that the present eugenicist asked for?
Read 4 tweets
GlumBird Profile picture
10 Nov 20
Pretty definite stance here from Pompeo. Gonna get wild soon if it's gonna get wild. Image
The imagery of having Mike "regime change" Pompeo say this is quite stark.
Idk if it's just what 4 years of every potential bourgeois opposition being utterly useless and incapable has done to my brain, but I always get the feeling Trump is gonna be able to pull something off when people laugh and say he couldn't possibly.
Read 8 tweets
GlumBird Profile picture
10 Nov 20
Biden's political project is to attempt to not resolve any contradiction in any direction for as long as he can. A hollowed out interregnum, with continuously escalating police, far-right and imperialist violence and no vision but the grey of quietly stated margins.
The violence of US imperialism - even its fascist "excesses" - will continue unabated. Its police departments will riot when they please. Fascist terrorism is already normalised to the point of being an electoral stance capable of winning around half the electorate.
What remains is a split bourgeoisie atop a decaying empire that has no route to stop its fall. Trump forced confrontations over these contradictions; Biden's entire job is to prevent "embarrasment" - that is to find what bourgeois unity can be built among the blood of decay.
Read 16 tweets
GlumBird Profile picture
9 Nov 20
Trump's lame duck Presidency (the bit after a new President is elected) kicks off with a purge of the Defence Secretary. Always a good sign that wannabe dictators totally don't do.
Replaced with the recently appointed and now former head of counterterrorism, Christopher Miller, a “yes man” in Esper’s words.

Look, I don’t think this is coup territory or anything yet, but man, that is a *posture*.
The whole DoD is being purged.
Read 15 tweets
GlumBird Profile picture
9 Nov 20
The highest turnout since 1900 to vote between overt fascism and a man who’s campaign was “I am not like him in a personal sense shhhh about policies”.

Bourgeois dictatorship gone terribly senile.
The real winner this election was the military industrial complex. Would you believe it, it won 100% of the vote.
In terms of where we're at: Trump's base suddenly seem a lot less violent prone. I think this probably the result of not having clear direction. They can't do a coup unless Trump manages to shift something dramatically in his "lame duck Presidency" (and HE WILL TRY).
Read 6 tweets
GlumBird Profile picture
18 Mar 20
That the coronavirus has reduced air pollution, water pollution and so on DOES NOT demonstrate that "wE'Re tHE ViRus", people are the problem or any other number of absurd eco-fascist conjecture.

Capitalism is shutting down. It demonstrates that capitalism is the problem.
If you accept these eco-fascist lines, you are paving the way for the largest programme of eugenics this planet has ever seen. It is already in motion ("only the vulnerable will die" = fascist apologia).

Not one death is acceptable.
Not one step forward for the reactionaries.
The idea that this is "just people's fault" is demonstrated as absurd when one examines the observation being used to support it here.

Coronavirus has not eliminated humanity in these places. It shut down capitalist production and consumption.
Read 13 tweets

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