Just found out about my man sorosfootsoldier.
Fuck the chuds in wallstreetbets. Also, that little blonde kid they have as their label for the subreddit is fucking lame and stupid looking.
I don't think a lot of people are going to come out of this making that amount of money. The only people that will win from this are Wall Street firms and the finance/tech bros on Reddit who had money to invest very early on like DFV, who invested like 150k from the start. People who get a few hundred or thousand in profit and become capitalist bootlickers probably had no plans to become socialist anyway. Does that mean I think r/WSB is a good place? No. I think that place sucks and most of those folks who aren't astroturfing or making shit up will probably be caught holding the bag. A lot of people are going to get burnt by this bubble. Remember that kid who committed suicide because he got himself into a deep hole in Robinhood? There's going to be a few of those at the end of this road unfortunately. This is why those services need to be shut down or have margin trading severely limited.
How did radicalization happen for you? It isn't a sudden 'aha' moment but a slow burn as the contradictions of capitalism become apparent. Do I think the people on Reddit or WSB are likely to radicalize? Fuck no. Its a cesspool. But it's still worth the effort to practice.
My lib family are increasingly talking shit about capitalism. A former libertarian in my family thinks several industries should be de-commodified.
Is it good enough? No, but you keep chipping away and hope it sticks.
You’re really a super bad take
What wallstreetbets is doing is objectively good. If you think you’re going to get revolutionary soldiers out of a bunch of bigoted money kids, I think you’re dissociating from reality a bit.
Some folks act like the idea was to invite all of WSB over here when the idea was to go over there and agitate.
I'm incredibly confused about what's happening lol
Was their an influx of people from /r/wsb? Were they being shitty?
Was their an influx of people from /r/wsb? Were they being shitty?
I don't think so, not like the slurs and such that are common there.
So, is the problem that people are following the short squeeze story? I'm so lost.
article 13.5.2 c. of communism says 'Those caught failing to suppress their excitement will be met with defenestration and ritual humilation by the larger community. '.
fuck I need to get excited about something; defenestration is like the best word in any language ever, to the point it makes the thing it's about cool.
i know right? It just popped up in my head and i went to search what it meant and i was like ,'damn this word is fucking great' and I dropped that bomb
you're going to get a lot of comrades killed. possibly by jackassery.
and we won't even hold it against you.
WSB was briefly privated and had their discord banned. There was speculation the subreddit would be banned in which case the most organized and prepared refuge would likely win out in becoming the replacement.
Yeah, I'm just reading up on the moral panic surrounding this event throughout this website. You are right, following the short squeeze story is huge problem for people here.
I used to post financial news all the time on the old Chapo sub, and I never saw this puritanical outrage. I can't stand the direction this site has taken, so it's best I leave.
No, actually you should stay. It's good to have users that aren't handwringing scolds.
Make sure you post a thread about it. And then I will post a thread about it. And then three other people can post a thread about it.
Nah I'll just check back on this place in bit, it's way too annoying right now.
Some folks got a little too excited about posting about the stonks and other people got upset at that for a variety of reasons.
Well some people tried to bring people over, I think it resulted in like 2 people joining here or something lol
While I can understand that we need a greater quantity of leftists to reach any sort of critical mass, I think this current debacle has pointed out the need to look at the quality as well. Are a bunch of baby chuds getting a first hand look at the rigging of the market? Yep. Are they gonna wake up tomorrow and decide that Marx was right? Fuck no. They're gonna sue Robin Hood and everyone else so they can have a chance to play the big boy game, and whether they win or lose, at the end of it all they're still gonna believe in "the market".
Seriously, if I wanted to read as much about the stock market and all this shit as I have on ChaCha for the last few days, I'd leave and go hang out on Yahoo Finance or Bloomberg or something. None of these WSB baby chuds are going to suddenly add Parenti to their watch list. They aren't gonna suddenly decide to use their gains to fund mutual aid. If we are lucky we might gain one or two new members that are at least teachable. But, we're trying to build a base by grabbing giant handfuls of muck and hoping some of it sticks together.
Meanwhile, how many new people are going to see nothing but stonks on the front page and nope out? I haven't browsed by 'all' since this whole thing started and I'm about to find out if I can unsub main because avoiding /c/finance isn't good enough to get rid of the stonk spam. Working to radicalize people IRL is good. Working to radicalize your friends and family is good. Working to radicalize a bunch of market worshiping ubercapitalists is trying to catch a falling knife. You might manage it. But, more likely you're gonna slice yourself to ribbons and make a mess.
I think people are missing the moment here. It's a big event in modern capitalist history because it marks the culmination of both technological and cultural movements: 1. the introduction of 'retail' brokerages that allow anyone without a big bank account access to an institution that has historically been exclusive to the wealthy and 2. the introduction of social media as a vector for entertainment and news that, in a certain sense, has grown to serve as a communal gathering place in an increasingly alienating world. I'm of the opinion that the online space has taken the role that churches, temples, etc traditionally held but that's a different discussion.
The market is the final frontier of capitalism. Will said on the pod recently (forgive me), in a world so bleak and in a landscape so saturated with capitalist misery this might be the only thing that moves the needle. Watching wall street vampires squirm is the only thing that moves the needle, actually bringing the fight to the capitalist's own arena is the only thing that moves the needle in influencing the masses in the imperial core.
I think this current debacle has pointed out the need to look at the quality as well.
Are we looking towards building a popular movement? Yes, wanting to radicalize the usual WSB user is misguided at best. To think they aren't already prime picking for the right is naive. But this news is huge and has spread like wildfire, not because of fucking Gamestop, but because the concept of collective action has dominated the narrative and is the subject of people's curiosity regarding this matter, even if they're wanting to make a quick buck. Whether it's really David vs Goliath or simply capitalists eating capitalists, the sentiment can only be described as anger towards the professional investor class. I have never such consensus in this country over anything remotely to do with class consciousness until this past week.
This is the empire, we haven't even reached the conditions of protosocialist thought. Class consciousness is the first step to reaching people and again, the stock market is the only thing in this country that motivates class consciousness among the general populace. Radicalization and mutual aid are only steps towards a goal, and this is one of them. This is very clearly the 'heightening the contradictions of capitalism' part and even your mom can see it, how are we not there to take advantage of it?
The perfect storm that will create the conditions for revolution will never fall on our lap, we must create it. We can't turn down every opportunity we've gotten. Look at their front page, look at what people elsewhere are talking about how do you not want to at least try to build solidarity with the masses on this? Many American leftists already refuse to reach out to black or minority people, they refuse to reach out to the actual poor working class that slaves away at Walmart in favor of the boutique worker, they refuse to recognize the 'nerds' being taken advantage of in the massive it industry. WE HAVE DOWNED OUR TOOLS IN EVERY FRONT THAT'S WORTH A CAUSE. Please pardon people for getting excited about this moment.
ive been getting a lot of people to listen to left theory audiobooks in the past couple months. this is the time to do that sort of stuff. have the right ideas out there so SOME of them latch on.
Yassss kweeeeen
Parenti is always on my watch list. Especially green Parenti
Can we please stop having sitewide group pants shitting sessions every time a user makes a dramatic post and leaves? Almost all of them have come back anyway.
You’re not really getting more communists. Most of these dudes just see themselves as better capitalists than the hedge fund guys. It’s awesome to see this happening to some wealthy psychopaths, but I’m not going kiss the ass of some ableist elitist chud kids over it
Me neither, I would never kneel to their beliefs. That would be stupid. Some of these people can be reached, we just need to reach out.
Shitposting and memes are the new pamphlets and booklets.
I'm not sure if you are going to turn a bunch of folks with a laser-like obsession of money into communists. It's extremely hard to cut through ideological or personal bias on places like Reddit.
Many of them just want to feel like they're not the loser for once. They've seen beyond the veil of "work hard to succeed" and understand that's not how America currently works. Their ideology is dissolving before our very eyes.
While their ideology is fluid, which vessel would you rather they flow into: AnarchoCapitalists' or our's?
Maybe, although at the end of the day they still like money, and will want to leverage capitalism in order to come out on top. It's a complicated issue, for sure.
They think fucking Martin Shkreli is cool and epic, great dudes all round
Now, I do think a percentage of the millions of people who have subbed in the past week haven't necessarily been completely marinated in the sub culture yet
If those idiots want to lurk here, good, who cares? Maybe they'll get an idea of what leftist thought is actually like, instead of the cartoon supervillain version everyone is taught growing up.
If they join to post some bullshit kick 'em out.
But being broke and seeing people talk about having money sucks shit. I get it.
wsb subreddit is at risk of deletion
users asked mods to create c/wallstreetbets here which is now called finance. one goal was containment of stock related posting, the other was the idea of dragging a few people from the sub to our version of wsb
A well known poster got a bit fed up with the stocks posting, being a comrade who doesn't have disposable income to gamble around like that, and also didn't like the idea of recruiting from a subreddit that has a chan-style culture, and shut down their account.
Comes back to the age old question: Is chapo.chat a place to educate people about socialism? is it just a hang out for people who already are socialists? is it something else?
Tbh if you're taking this site seriously enough that you delete your account because you can't just log off for a week and wait for all this to become yesterdays news, i dunno what to tell ya.. Not everything has to be so dramatic christ..
Not everything has to be so dramatic christ…
drama? on this website?
Agreed. And i could understand deleting your account because of being tired of transphobia or truly harmful things like that, but i feel like being this upset over the whole StOnKs situation is a bit much.
Alright my bad. Thank you, didn’t realize it could be offensive in some context and now I know:
You just saved me from embarrassing myself in the future
