Fred Weston, editor for marxist.com, discusses the most polarised US election in living memory. With little genuine enthusiasm for Joe Biden, the highest number of people in a century turned out to essentially vote either for or against Donald Trump. At the time of writing, it appears as if Biden has narrowly scraped through to take the presidency, in an election that has thoroughly exposed the rottenness of US ‘democracy’.
Since the beginning of the year, a group of amateur traders, organised on Reddit, have been playing the market against major hedge funds, who had shorted shares for GameStop: a US-based video game retailer. As a result, GameStop’s share prices have gone through the roof, and a billion-dollar hedge fund had to be bailed out to the tune of $2.75 billion.