lmao kinda having fun with $GME

Edit: stupid idea, sorry

    • KEN_ML [he/him]
      ·
      4 年前

      but how about that grass roots market manipulation lmao

    • ChapoBapo [he/him]
      ·
      4 年前

      Marx would have been a WSB guy: https://hexbear.net/post/37196/comment/304186

      (Seriously though I've joked about it but I don't think an investing com would be a good fit for this site)

  • jack [he/him, comrade/them]
    ·
    4 年前

    no, please

    enjoy the meme ride now if you want to but I think making a whole community dedicated to this is antithetical to the site

    but also maybe that's lifestylism

      • jack [he/him, comrade/them]
        ·
        4 年前

        The idea that the decisions you make in your personal life in regards to work and consumption are an important part of your politics and/or able to affect political change. IMO there's some value to it but it's often overestimated or used as a distraction from real political action.

        • KEN_ML [he/him]
          ·
          4 年前

          aaaah sure. Yeah i dont know, i hate the stockmarket ofcourse, but like getting free money without really hurting anyone is also nice (although this gme thing was probably an anomaly)

          • jack [he/him, comrade/them]
            ·
            4 年前

            It's a mistake to think that typical stock trading doesn't hurt anyone. I think this Gamestop thing is an anomaly, but the normal stock market is purely a way to squeeze more speculative value out of labor. I think it would be unhealthy to develop that culture on the site.

            It would be a bit like having a landlord community.

            • Yun [he/him]
              ·
              4 年前

              Don't a lot of people have a 401k or some sort of pension plan that they need to invest in anyway though?

            • KEN_ML [he/him]
              ·
              4 年前

              How is that, I don't think the stockmarket really has an enormous influence on the economy. Crypto trading is even more fantasy shit

              • jack [he/him, comrade/them]
                ·
                4 年前

                You're literally buying ownership in a company where you don't contribute labor, which you can then sell to make a profit. It's textbook exploitation, just distributed across multiple firms.

                • KEN_ML [he/him]
                  ·
                  4 年前

                  sure that is what investment firms are doing, but most people investing by themselfs see none of the profit. It is the same as investing in gold or bitcoin.

                  • jack [he/him, comrade/them]
                    ·
                    4 年前

                    Objectively, if you're getting money from your stocks, you're receiving exploited labor value.

                    • KEN_ML [he/him]
                      ·
                      4 年前

                      I don't think that is true. The worth of a stock is not connected to the value people are creating. Just look at Tesla the stock price is many times higher than all other car companies combined

                        • KEN_ML [he/him]
                          ·
                          4 年前

                          All publicly traded stock is highly speculative i think but anyway i see why it isnt a great fit for the site haha

  • Cherufe [he/him]
    ·
    4 年前

    Even if they made a c/investing the GME bubble would have probably popped by then