lmao kinda having fun with $GME

Edit: stupid idea, sorry

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

    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]
      hexagon
      ·
      4 years ago

      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 years ago

        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 years ago

          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]
          hexagon
          ·
          4 years ago

          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 years ago

            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]
              hexagon
              ·
              4 years ago

              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 years ago

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

                • KEN_ML [he/him]
                  hexagon
                  ·
                  4 years ago

                  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]
                      hexagon
                      ·
                      4 years ago

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