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.
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)
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.
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.
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.
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
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
what is lifestylism?
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.
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)
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.
Don't a lot of people have a 401k or some sort of pension plan that they need to invest in anyway though?
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How is that, I don't think the stockmarket really has an enormous influence on the economy. Crypto trading is even more fantasy shit
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.
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.
Objectively, if you're getting money from your stocks, you're receiving exploited labor value.
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
It depends on how speculative the stock is and at whose expense.
All publicly traded stock is highly speculative i think but anyway i see why it isnt a great fit for the site haha