in communist shares, you pay dividends.
Those damn commies have struck again!! 🫵
This is exactly what life under communism is like.
This sanctimonious yet ignorant, idiotic pronouncement sounds like another type of thing that this sanctimonious yet ignorant type of idiot would say: bOtH pArTiEs ArE tHe SaMe LoL aMiRiTe.
Y’all looking at corrupt capitalism and blaming the capitalism
Capitalism by default is corrupt. The ruling class taking surplus value from the worker is the corruption.
I feel like we could better spread this idea if we removed the verbiage of communism from it. I think you would convince more people this is the truth if you worded it more like:
Allowing a few individuals to consolidate wealth gives them a sort of power they can use to bend the rules to their favor which furthers their ability to consolidate wealth which gives them more power, so on and so forth until we are where we are now
I feel like more people would agree with this, whereas talking about taking “surplus value from the worker” will automatically turn off peoples interest in hearing anything from you as they’ve been trained against this kind of phrasing.
What if… Capitalism alwayd leads to unchecked corruption.
To be fair, unchecked corruption is certainly not unique to capitalism.
What if, communism always gets corrupt too?
What if… All systems are inherently corrupt because of human nature and we just have to choose the best one of the crappy lot to survive and that’s definitely not crony capitalism?
How do you even want to have a communism without the Marx theoretised over abundance and infinite supply of goods? I don’t think we are going to have that any time soon last I checked.
All the attempts so far were so called socialism intermediary step because there is no prophesied infinite abundance just yet and someone would have to regulate who gets what that poses all sorts of problems and abuse
Hence we don’t have some kind of god who regulates who gets what extensively and we let the market do this and see it as the most just system currently possible
It’s possible that one day technology enables us to naturally progress to communism. Fusion power, infinite energy is a good bet but even then there will still be limited goods such as land.
If humans are inherently corrupt, how did we get to where we are now? If we never worked together and wanted to be greedy all the time, how did we get a post information age society?
Indeed.
Communism would be that everyone only owns one share of the stock and you can’t sell or trade in anyway but they do get dividends.
But across the entire market and not just public companies, all of them.
And there is no money and no classes and no state. Companies would become one company, all owned by workers. Almost seems unattainable.
If you’ve ever tried making decisions with your dumbest coworkers is really does seem unattainable
I still don’t understand why people are so obsessed with gamestop.
it killed all the good game stores.
its exploitative
it doesnt pay shit for trade ins… especially when you consider what they sell the resultant game for.
and it treats employees like shit.
I genuinely cant understand why stockbros are so fucking obsessed with artificially pumping this shit up with their obsessive memeing for literally years, nor do I understand how it hasnt been investigated as a blatant stock manipulation.
PS: I love how everytime capitalism does something horrible, right wingers come in and are all like “thats like living under communism/socialism/whateverism”, completely seriously.
It’s the only game store in many places, and a social hub for people who see being a “gamer” as a core part of their identity. Many of them are too young to remember a time when other game stores existed.
I genuinely cant understand why stockbros are so fucking obsessed with artificially pumping this shit up with their obsessive memeing
It was actually a bit of legit class warfare. The institutional investors and billionaires were shorting GME so much that they were overexposed, and when u/DeepFuckingValue on Reddit spotted and shared it tons of regular middle-class retail investors all piled in to collectively fuck over the billionaires by pumping the price knowing that the short positions would still have to be filled. Probably some billionaires made money too, but for the most part is was a “regular folk vs Wall Street” affair.
nor do I understand how it hasnt been investigated as a blatant stock manipulation.
They literally hauled u/DeepFuckingValue up in front of a Congressional Inquiry for pointing out on Reddit that a stock was oversubscribed, which is more than they’ve done for the many questionable insider stock purchases made by politicians and their families in recent years. Indeed, that’s a big part of why the story won’t go away, because it very publicly proved that the rules only apply if you’re not connected.
Indeed, that’s a big part of why the story won’t go away, because it very publicly proved that the rules only apply if you’re not connected.
That’s the big point there. Idk if it was really the “little guys” who benefited - mostly people who had the money to invest. But it proved how fucking arbitrary and stupid and meaningless the stock market is.
We’re told that rich people earned their money through hard work - the guy I knew who put his money on GME for the lols and made bank earned more money by doing nothing than I made working 60+ hours a week as a teacher.
They think hedge funds are still shorting it, and that if they hold long enough they will default.
I don’t think you understand how much the GameStonk hype is completely divorced from the actual business of GameStop, especially years after the initial short squeeze hype. The people who are still into the stock hype are into some QAnon levels of conspiracy theories and messianic prophecies about the stock. It may as well be a religious cult at this point.
i mean its always been that, from day 1.
EDIT: Never mind. This is from 2021.
For those of you who want to buy some Gamestop stonks, I’m happy to message you my WeBull referral link. (It’s another online/application based brokerage.)
Well alrighty, and pacifism is only throwing one punch.
GME made out okay after all of that, but AMC is still down like 98% isn’t it? Those idiots split into APE and AMC and then Reverse Split, which ended up charging fees for every single share a person owned on most brokerages due to the reorganization fees.
And 5 years later my GME is still worth shit. The shorts managed to game the system enough to where they only had a small impact. There will never be a moonshot anymore on it.
Well somebody got rich off you all. It just wasn’t you.
At least this person realizes that they aren’t going to get their money. Too many people are still deluded and think as long as they keep holding on, they’re going to be rich.
Those guys got so fleeced by the people who kept telling them “diamond hands!”
I’m sure Roaring Kitty or whoever it was cashed out pretty close to the peak, and bought them back when it tumbled.
Fair play, he did a good con.
And yet he’s still celebrated by a hero by people who think any day now the squeeze is going to happen and they’re going to get rich.
Pfp of op in the screenshot definitely giving me Quake Live vibes.
Maybe just a bit…
That’s because slasher did a lot of quake live coverage. It’s on purpose.
Oh cool!
you can imbed images like this:
If you’re still using Robinhood after the shit they pulled years ago you’re a goober
That’s alright. This screenshot was from 2021
Quite literally* is* the shit that happened years ago
Limiting trade like that is market manipulation.
I’m not entirely sure about that. Those people could always just buy GameStop from somewhere that’s not robinhood. this mightve been something that they were financially forced to do, bc this trade limiting just seems like something that would lose them money
I’m not entirely sure about your take. If we say that this is fine and allowable, then you give a few large firms a huge lever to control the market with. If robinhood can limit investment to a specific stock, so could everyone, and at that point you allow them to decide the market through collusion, because you wouldn’t need too many places to get on board to seal a companies fate.
Which is essential to capitalism.
Its not essential ,its just inevitable. Like most of the problems with capitalism, the problem is the inevitability of wealth consolidation that allows the purchase of power that allows further wealth consolidation that allows the purchase of greater power, round and round. Capitalism is an ouroboros, we are just in the stage where its about to finish eating itself.
Essential? No. It’s ultimately just as harmful to an idealized version of the maximized productivity via competition dream. Smith and Locke both have quite a lot to say on the topic. Smith in particular makes a lot of points on how regulation is required to prevent capitalism strangling itself, which modern laissez-faire enthusiasts always conveniently “forget.” This is the exactly wrong kind of artificial control by the ruling class that they did rail against.
It’s what every capitalist does anyways because it’s the easiest way to steal money, yes, and because every modern capitalist is trained to be that way through the ideology that has developed around an economic theory.
If you can buy stocks in a business in that nation then they are not communist or even trying to pursue Marxism.
Greetings from Mondragon Corporation
Isn’t that just socialism?
Shh…don’t tell lemmy.ml about China.
There’s more to communism than marxism.
If you are able to pay people money for investing and not doing any work for said business then the workers are not in any way in control of the means of production.
What version of communism would permit an investor class?
None that are actually communism.
When that fill werrel accounts started tweeting politics back in 2012 I knew most “comedy accounts” and Twitter In General sucked.
Glad I left I when I did
