Barstool Sports founder Dave Portnoy roasted Donald Trump for “messing with” the Chinese stock market. But is he misguided?
Barstool Sports epitomizes bro culture. If Tucker Max and The Pickup Artist had a baby they dumped in foster care, it would be the popular sports and entertainment site.
But despite his site’s reputation, founder Dave Portnoy seems to have a pretty good grasp on the stock market.
That’s why he’s currently making headlines for roasting Donald Trump on Twitter. According to Portnoy, the Trumps are “[messing with]” Americans when they play roulette with the Chinese stock market.
And while that may, indeed, be valid, let’s look at why this may not necessarily be a bad thing.
In between ridiculous Howard Stern-esque games like “Call Me Daddy” (yeesh), Portnoy has a side hustle with day trading. He understands the nuances and difficulties of the stock market. And though he admits that he’s fumbled along the way, he’s worth more than a bit of money today, so he can play the stock market game with the best of them.
Certainly, no one would have thought that Barstool Sports — of all places — would be the go-to spot for intelligent stock market commentary. But here we are.
It’s true that, in the short term, tanking the Chinese stock market will be bad for Americans. Some Chinese companies are currently on the U.S. stock market — though Congress is looking to change that.
So the Barstool Sports founder is correct when he says that “f*cking with them is f*cking with us.”
But why did China become such a dominant financial force in the United States, to begin with?
Simply put: corporations valued profits over people. The uber-rich wanted to continue to be uber-rich — all while union-busting and demonizing immigrant workers. They offshored many of their operations to China and other non-American countries.
And the result is the mess we’re in today: American jobs show no sign of coming back. The quality of products has decreased, along with the prices. Americans continue to fight for living wages and health benefits, all while the rich continue to pillage their life savings.
We all know that the Trumps aren’t thinking about the plight of the American worker. The Trumps are, in fact, the very swamp that they claim to be draining. Donald Trump is only “messing with” the Chinese stock market because he’s a petty, small man.
The founder of Barstool Sports is right when he says that when you f*ck with China, you f*ck with the United States. However, that shouldn’t be the case.
Disclaimer: This article represents the author’s opinion and should not be considered investment advice from CCN.com.