The Lesson Continues to be taught Today..
Toni Cade Banbara's the lesson is a story touching on wealth inequality and after reading that short story it reminded me of the mayhem that occured in January with the Gamestop Hedgefund fiasco. Without going too much into detail there is a reddit page where people come together and plan big moves to fight against America's multi-billion dollar hedge fund managers who they consider greedy. The hedge funds were doing something with the gamestops stocks called shorting where they bet that the stock will go down so they borrow the stock at the current price and sell it to someone else and when the stock goes down they purchase them back and make a profit. In the case with gamestop the investors on reddit drove up gamestops stock price and small time investors were able to make a great profit while some big hedge funds had to be bailed out after the losses they suffered. There is a part in the story when Ms.Moore challenges the children to think of what kind of society we live in where people can afford to spend on a childs toy what it would cost to feed a family of 7 for the entire year and the rich hedge fund investors are the kind of people that were being described. The lesson Ms. Moore was attempting to explain to the children about the wealth gap between the classes is something people are still dealing with today and it is highlighted in our news daily if we pay close attention.
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