that's all.

  • heqt1c [he/him]
    ·
    4 years ago

    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.

    • FDR [none/use name]
      ·
      4 years ago

      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

    • ChapoBapo [he/him]
      ·
      4 years ago

      How about if you invest in the largest, most unethical companies in the world failing instead?

    • financethrowaway [comrade/them]
      ·
      4 years ago

      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?

      • Ho_Chi_Chungus [she/her]
        ·
        4 years ago

        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