In this conversation (recorded on February 1, 2021) James spells out what the GameStop / WallStreetBets fiasco was really about. Not that some retail investors were able to squeeze some hedge funds who were naked short selling and thus “win the game” (spoiler: the government will not allow David to beat Goliath), but that millions of people have just seen the markets for what they are: A fake and rigged game run by a mafia that will never allow you to win. This is an educational moment about the power of decentralized movements that people of all stripes pooh-pooh to their detriment.
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