Supply and demand my fucking asscheeks
The more I learn about it, the more I feel a second class consciousness brewing in me lmao or maybe this is my class consciousness and I was just made cognizant of the fact that I was being exploited beforehand and confused the two? Beats me
But yeah it’s like the more I learn about it, the more my brain refuses to accept it because it’s comically senseless. It’s really strange because some of the logic at the start makes proper sense, but it is absolutely wild to me how things quickly go from reasonable expectations based on the past to nothing but what matters to the feelings of the most ravenous, parasitic leeches among us. Just really fucking wild how this is the status quo. And don’t even get me started on the convoluted tax system (which duh is super easy to evade if you can afford someone well-versed in tax law)
Guess I’ll just buy shares in index funds or whatever shit. What a fucking bizzaro world that this could very well be my only hope for retirement when I’m 72
The stock market is a casino that is owned by the very rich, you are just playing the slot machines. If someone figures out
how to short Gamestop stockhow to count cards, they get kicked out.It’s a casino that the owners never lose though. Like never.
even though this is badposting, this is some real shit
To add to the confusion and mystification, capitalist ideology promotes the idea that our commercial culture is fundamentally a rational and secular endeavour. But the opposite is the case. The rationality of capitalism is not human but alien, and we do not control it, but it controls us. Capitalist ideology refuses to see the “real God” that is capital, and our subordination to it. The god is real, but hidden, hiding in plain sight. And in this sense, capitalism is an occult, not a secular, mode of production.
Show
https://ianwrightsite.wordpress.com/2020/09/03/marx-on-capital-as-a-real-god-2/
The more I think about it, it’s a type of magical thinking only few can afford to have but millions are forced to have if they want any chance of financial stability in the future
It’s truly vibes all the way down 😎
the stock market is a way for the rich to extort money from the poor
things youd assume about how the stock market works are not even true. does the price of a stock change if a load of people buy or sell it like you or me? nope. the prices on the market are determined that way. is the price determined by a companies production quantitities or capabilities? Nope. or their sales and income? nope.
it is manipulated by the big brokerages openly and when they arent directly manipulating it at best it is just a measurement about how rich people FEEL about the economy
The best way to describe the stock market literally is just fancy-pants-rich-people gambling.
My dad just told me “buy stocks and just wait, real investing is pretty boring.” and that I’m not opposed to, as I see it as a way of me partially getting some of my money back from what capitalism has stolen from me.
getting back from what capitalism has stolen from me.
The problem with this is the money comes from the continued exploitation of workers, especially workers who cannot afford to invest or save money. When Nestlé's stock goes up, part of that is from exploitation of child labor/slavery to produce chocolate, for example.
Stocks are where profit goes. That's why it's so volatile. The actual value is produced by laborers and capitalists skim off the top as much as they can without causing their workers to die (and even then lol). The amount they skim is what makes it to the stock market. The commodities consumed by workers is what causes prices to fluctuate and why Wal-Mart's stock changes.
The value of stocks is pretty disconnected from the actual value produced by the workers.
Stocks are directly a result of a company's profits. And profit is stolen surplus value. If the workers produce more profits for the company, the company's stock value increases as the stolen surplus is divided amongst the shareholders.
C'mon this is like chapter one of Kapital and Marxism 102 lol...
How would you(or if you know if Marx or another theorist has covered this) explain Lyft and the like?
They make negative profit but have positive share prices
Guess I’ll just buy shares in index funds
Yep if you want a better return than a savings account, and to out perform 90% of traders
As said anything else is gambling, or even worse a cargo cult like the gme FOMOers and AMC/bbby etc 'apes' who just throw away money
You know Bitcoin
It's basically all Bitcoin
Like you said, just purely vibes
