How can we ever expect to get a leg up in the financial world? With the recent proceedings of the stock market world and GameStop, it proved that the hedge funds and big business seem to have more people on their side than the public does. The second we took a little bit of wealth away from them, they made their own rules, changed how things were done and eventually came back out on top. What can the little guy do?
How can the people respond?
Contributor Isabel Brown sits down to talk about how the people of our country can respond. Our country was built on the struggle for financial power, and the stock market has written a new chapter in that book. The public, or “the little guy,” needs to find a way to rebel against the big businesses. We cannot be expected to thrive in a system that only benefits those with a lot of money.
Do tech companies have too much power?
The GameStop situation also revealed the power that Big Tech has in the world. Companies such as Google, Amazon and Microsoft sided with the stock market when it started losing money. Could it be that tech companies have too much power and influence in the corporate world now? They control everything from company reviews, your website domains and whether or not people can buy your app from their stores. The imbalance of power continues to grow.
Does capitalism hold the solution?
The solution comes from capitalism. Entrepreneurs and small businesses need to work together to create competition in the market. Our government needs policies that support the little guy. These policies need to allow for new companies to grow. They cannot only feed the large companies. Without allowing new companies the opportunity to build wealth, then the market will suffer from an unequal distribution of power, and the little guy won’t ever stand a chance.