"The GameStop affair provides an opportunity to update Keynes for the 21st century: If you leave it to professional gamblers to determine the social value of any activity, they will almost always give you the wrong answer, no matter how many of them gamble against each other. They can reward social destruction just as readily as they reward social harmony or a video game store or a well-groomed horse at the starting gate.

Financial markets cannot tell us what is good and what is bad. They can only tell us what a lot of people thought they could make money on at a certain point in time. The real work of determining what kind of world we want to live in is the proper subject of democracy, not high finance. The Redditors have made this brazenly clear to the world, and for that they should be celebrated rather than condemned."