Can Meme Stocks Shift the Economy in Favor of the Little Guy?
The financial system has been turned on its head in the past few months with the rise of what has been named “meme stocks.” But is this grassroots movement of regular everyday investors a passing trend? Or could they really transform the way our economy works going forward?
“Meme stocks,” called such because they are ordinary stocks fueled by people through social media, can spike in value based on the zeitgeist and not the fundamentals of the companies they represent, and as a result can often be highly volatile. Made famous by the popular subreddit r/wallstreetbets, this is truly a grassroots movement.
But even with the volatility that comes with these stocks, investors are not shying away from them. Many investors are doubling down, despite warnings from financial institutions, or perhaps in spite of them. But what is driving the popularity of meme stocks, and why do they continue to grow contrary to what markets dictate?
Zeus Yiamouyiannis, author of “Transforming Economy: From Corrupted Capitalism to Connected Communities,” explains:
“Well the first thing I think is the larger social phenomenon of the little guy getting screwed, and the big guy rigging the game. And it has never been any more rigged and the concentration of wealth has never been more dramatic, and so what happens is it creates this groundswell of desire to strike back at an unfair system, to strike back at these profiteers, and to win one for the little guys.”
Rituals for Honoring Mother Earth
Rituals help infuse intention and purpose into our day. They can teach us how to create mini-ceremonies out of everyday tasks and gradually build a sense of gratitude for everything and everyone in our lives. A ritual could be as simple as taking a moment each day to look up at the sky in appreciation for this vast universe we’re a part of or slowly sipping your water with the intent to nourish your body.
For the purpose of honoring and celebrating Gaia, Mother Earth, here are few rituals to help you form a greater connection with her:
Find your sense of stability and balance with the Earth by practicing a grounding meditation or Root Chakra meditation.
- Find 10 minutes in your day for meditation.
- Find a quiet spot outdoors where you can comfortably sit on the earth.
- Connect your breath.
- Focus on the location of the root chakra and visualize the color of the chakra.
Enhance your meditation experience with: Essential oils- Myrrh, Patchouli, or Frankincense. Use a Mudra-Muladhara mudra.
- Finish your meditation by bringing your hands to your heart in prayer and returning to your breath. You can also try closing out your practice by chanting OM.