The battle of gamestop

Öncü, Ahmet and Öncü, T.Sabri (2021) The battle of gamestop. Economic and Political Weekly, 56 (11). pp. 10-13. ISSN 0012-9976 (Print) 2349-8846 (Online)

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What the battle of GameStop has brought into light is that democracy in financial markets is just a myth: whoever controls the valves, controls the flow. The market-making and brokerage markets in the United States are heavily oligopolistic markets in which market-makers and brokers extract huge rents from the retail traders. Although the retail traders involved in the battle appear unaware of what they did, they brought these markets to a near collapse, which the oligopolists managed to stop. Theirs is neither a revolution nor Occupy Wall Street, but a novel form of collective action expected to continue.
Item Type: Article
Divisions: Sabancı Business School > Management and Strategy
Sabancı Business School
Depositing User: Ahmet Öncü
Date Deposited: 29 Jul 2022 14:50
Last Modified: 29 Jul 2022 14:50

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