Stocks should still be abolished, but billionaires first.
We should have a race to see which one we can get rid of first. Some nice healthy competition.
Also if you’re not participating in shareholders meetings, proposing resolutions and voting on them, then you’re not even really owning the stock in any meaningful way. You’re just holding a virtual piece of paper hoping the number goes up.
Don’t know if they’re still doing it but a small IBM shareholder used to annually table a motion that all payments to political parties and individuals be explained, and the board kept recommending a “No” vote.
Why are those share holder meetings the important part of “owning the stock” to you? Aren’t people owing stock because they want dividends or because they expect the value to increase? Isnt profit them main motivation? With profit being reliant on workers and earth exploitation?
If you own stocks you actually share some material interests with billionaires. You have to actually choose to act against parts your own interests when you support thr end of capitalism. So in part, you might have class solidarity with billionaires. And lets be real, in many rich countries exactly that is a problem.
I trade stocks, I hate billionaires. We’re all deeply contrarian animals if you examine things using only absolutes.
edit: I should make a post about this somewhere, but you can really directly correlate the pantheon of ancient greece to the stock market. Corporations are immortal entites that are not subject to human law. Stock prices have inflated far beyond the value of their goods and services and instead represent belief in that company. it’s a bit discouraging, I guess is why I wouldn’t post about it.
you’re petite-bourgeious!
Gritty down 3-0 right now though, needs a miracle
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Yeah nah, I am not joining the rent seeking class just because some meme says so.
Actually, can someone help me figure this out? Like should individuals be investing in other things that aren’t stocks to loosen the grip of capital ever so slightly. Like for example, should I be investing with a local credit union or something like that? Should I not be investing at all? Baby anarchist just trying to learn, thank you 😊
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You could stop trying to “invest”. Like instead of hoping for numbers that go up, you could offer local collectives interest-free loan or in general just give money to community organizations that would be helpful to you in situations were you would have relied on investments.
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What does participating in the system we’ve been forced into have anything to do with class solidarity with the billionaires?
You are not forced to participate in rent seeking.
