Business
Let’s not lose sight of the biggest lesson of GameStop – The Australian Financial Review
An economy in which individual fortunes are so closely tied to the health of the sharemarket rather than income growth is fragile.
That is one reason why the GameStop story has so unnerved people. It reminds Americans how incredibly dependent we all are on markets that can be very, very volatile.
The 40-year shift towards what former US president George W. Bush referred to as an ownership society came at a time when the nature of the corporation and the compact between business and society was changing, too. The two phenomena are of course not unrelated.
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