lmao kinda having fun with $GME

Edit: stupid idea, sorry

  • 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