Attempt to think about GameStop/Reddit bigger picture:
1) we invented stocks
2) we started trading stocks
3) we started using retirement savings for (2)
4) we started taking bets on stocks
5) we started using retirement savings for (4)
1/2
2/2 (1), (2) and even (4) are IMHO OK if people use their own investment (surplus) money. But…
Grave mistake 1: Allowing so much of (4) to mess with (2).
Grave mistake 2: (5)