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My Take
Opinion
Alex Lo

My Take | How to make money with the US Supreme Court

  • Newest top justice Amy Coney Barrett’s legal literalism will likely lead to an expansive reading of the Second Amendment so loved by gun nuts in the US

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Gun enthusiasts look over Smith & Wesson guns at a National Rifle Association meeting in Louisville, Kentucky. Photo: Reuters

What do Amy Coney Barrett, hermeneutics, postmodernism and gun rights in the United States have in common? Probably nothing for most people, but I am hoping to make a killing, no pun intended, with them from the US stock market. Sorry, greedy me!

After reading about Barrett, the newest justice of the US Supreme Court, and the description of her conservative judicial philosophy as “originalism”, I bought loads of shares in Smith & Wesson Brands, the famed gun manufacturer, with all the spare cash I could muster.

Quite simply, you now have a gun-friendly Supreme Court, where there is a clear conservative majority ready to overturn state laws that categorically ban convicted felons from owning guns. And it’s likely that there will be a tidal wave of appeals in the US courts leading to a relaxation of gun ownership restrictions, at both state and federal levels.

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If Democrat Joe Biden wins the presidential race as predicted by most polls, he would advocate tougher gun control. That would, at least initially, prompt gun nuts to buy more weapons before the laws tighten or could be challenged in courts.

But what is judicial originalism? I am no legal scholar but did study hermeneutics, a philosophy of how to interpret texts, in graduate school. The discipline was largely developed by 19th-century German legal scholars and theologians to interpret, respectively, the laws and the Bible, through rigorous textual principles.

In many ways, America is still the great wild west with all those guns

Originalism is the exact opposite of postmodernism; both fall under hermeneutics. The latter argues “there is nothing outside the text”, so the intentions and self-understanding of authors are completely irrelevant. Originalism, however, believes the intended meanings of the authors are all that matter.

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