that's all.
:deng-smile: I guess you should leave the comm if you really think that.
not all investing is bad. if your company offers a match on a 401k, or a stock purchasing plan its worth it.
also holding commodities is usually good as a "CYA" type thing.
but when you actively buy and trade stocks you have a vested interest in some of the largest, most unethical companies in the world succeeding.
if you want to invest in an "ethical" company, those normally perform the worst so its charity at best with some self defeatism in there.
This isn’t even true? You can make tons of money actively rooting for companies to fail.
Having money is part of your hierarchy of needs in America. Without money you can not reach self actualization
How about if you invest in the largest, most unethical companies in the world failing instead?
Better idea: short 1 of literally everything on the stock market
Being interested in bad companies succeeding is not what "reactionary" means. You mean it's inherently capitalist or right wing. Calling it right wing it's a tautology. In order to trade the stock market you have to participate in the market. Believing in free markets is right wing. It's not reactionary though. Reactionary is like we should go back to the Dutch East India Trading Co way of doing stocks. Wanting only the wealthy involved in stocks like it used to be is reactionary.
Yes, people here are participating in something that's inherently capitalist. Now what? What's supposed to happen when we realize that?
Reactionary is like we should go back to the Dutch East India Trading Co way of doing stocks.
Society was at its peak when a tulip was more valuable than a house. I will not elaborate
well you use your priveldged position readable in your "inital Investment Capital" to profit from other peoples labor and demand , by the act of owing stock , that the labor should be exploited even more, after all you want the share to go up dont you ?
not OP btw, and also just because guns are immoral, it does not mean honorable swords will help you against them....
Oh ok I forgot there were ethical ways to live within the system.
What do you make of this, just curious?
Let’s start with Marx. In the spring of 1864, he came into some money when an admirer bequeathed £820 to him. This was a considerable sum back then, far more than Marx earned from his writing. No time was wasted on spending the money – the family home was renovated, pets bought for the kids and vacations taken.
But not all funds were directed toward consumption. As Marx writes in a letter to his uncle Lion Philips in the summer of 1864:
“I have, which will surprise you not a little, been speculating … in English stocks, which are springing up like mushrooms this year … and are forced up to quite an unreasonable level and then, for the most part, collapse. In this way, I have made over £400. ...
One biographer claims Marx decided to try his hand at financial speculation after hearing of the killing that German socialist Ferdinand Lassalle was making on the stock market. Another biographer suggests that some encouragement was provided by Engels (who was part owner of a cotton mill and knowledgeable about business matters).
Further on in his letter to his uncle, Marx says that he is going to do some more trading:
“… now that the complexity of the political situation affords greater scope, I shall begin all over again. It’s a type of operation that makes demands on one’s time, [but] it’s worthwhile running some risk in order to relieve the enemy of his money.”
absolutely terrible: m - m'
Also terrible but at least there's production involved: m - c - m'
Speculating is definitely a bad thing. Paying C-executives in stocks is also bad.
