capitalism
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- utopian2
- Go hang out in venezuela. When u have seen people cry happy tears to be away and also sad out of being forced to leave home due to a few corrupt idiots in such********
- Political Power to rule through minority with faux majority. U think they didn't once think like u********
- But u are paid to promote such feeler nonsense. Like talking to a bot********
- So set if new Edo neo corona will teach ppl of media news and how to Read it and know bullshit paid to play********
- ^ said a person from his parent's basementzaq
- stupid ass deathboymonospaced
- Says ppl who never left there parents basements********
- Go hang out in venezuela. When u have seen people cry happy tears to be away and also sad out of being forced to leave home due to a few corrupt idiots in such
- utopian0
Amazon reportedly wants to take over JCPenney and Sears stores to turn malls into giant fulfillment centers
- when are they getting a seat in the congress/senate?renderedred
- PhanLo0
- I'm absolutely certain I wouldn't want those longshoreman to design and engineer a 100 story building or performing brain surgery on my kids or code the COD.Morning_star
- ^With a couple of weeks of Youtube training I'm sure they'd be fine.PhanLo
- The concept exists, though. His example is unrelated to the concept, sadly. It's a real idea and it certainly affects wages.monospaced
- What do u call a 9 yr ago kid with no XP than?********
- What do you call a med school student who got all Ds?i_monk
- A doctor, monk. You call him a doctor :)Gnash
- yuekit4
- It's called capitalism ask deathboy.utopian
- Actually free markets have any decisions in drugs. They are mostly context throu gov mandated orgs and choice is so limited u don't even have knowledge of crowd********
- Crowd that think. Not the mention gov ran insurance markets which use power to dictate which drugs benefit bottom********
- Li.e. thanks Obama for limiting choice and being so anti Corp establishment you got every major player on board********
- Not because they had anything too lose********
- If you watch the video, it's pretty hard to argue this is not capitalism at work.yuekit
- Worth a watch BTW, it's pretty entertaining for such a depressing topic :)yuekit
- utopian2
Did Warren Buffett just bet against the U.S. economy?
His latest investment raises some questions.
Warren Buffett has long been critical of gold as an investment, saying it “has no utility” and that the “magical metal” is no match for “American mettle.” He once wrote that “Anyone watching from Mars would be scratching their head” over how we treat the shiny stuff on this planet.
Yet the Berkshire Hathaway BRK.A, -0.58% boss just acquired nearly 21 million shares of Barrick Gold GOLD, -0.55% worth $563 million, while selling shares of Wells Fargo WFC, +1.11% and JPMorgan Chase JPM, +0.03% , according to 13-F filings released Friday afternoon.
The move kicked up buzz among gold bugs and other Wall Street watchers across the internet, who saw Buffett’s trades as perhaps signalling a shift in his views on the market.
- thats a surprise. He favors silver normally, he probably thinks things will get worseBeeswax
- Yeah, looks like backup. He's always thinking long term.grafician
- "Never bet against America" - Warren Buffet May 04, 2020utopian
- just like bloomberg.
BRK sits on an enormous amount of cash what will be unloaded somewhere,
and he is building a position in BAC (bank of america).sted - * Calls Parket Schnabel and Tony Beets *Morning_star
- * ParkerMorning_star
- "Some people claim that there's a woman to blame
Now I think, hell, it could be my fault"
- Jimmy Buffet, 1977.exador1
- shapesalad0
https://mashable.com/article/don…
Donald Trump officially joins TikTok competitor Triller.
Before 9am Monday, I made a 68% return on a little stock trade I placed last Thursday on 7DIG, a company supplying the video tech for Triller. Thank you Trump. Great start to the week.
- I in no way endorse Trump. But capitalism is all about taking part, 50 years ago the barriers to entry were real, now there's no excuse not to participate.shapesalad
- Lol at dv’sGnash
- Actually clever. Upvoted.grafician
- it's now up near 200% since market open today. Will buy back in on the dip once day traders take profit, will end the week much higher.shapesalad
- it's not everyday, or many stocks that do this, but it's always profitable to scan and wait for these tradable opportunities.shapesalad
- from last week:shapesalad
- https://polaris.brig…shapesalad
- For those wanting to do similar, just read the RNS's out at 7am each morning, check for new contracts etc, see how the stock has traded, if it's legit company,shapesalad
- and if the chat boards are not full of disgruntled long tremors, fundamentals in place, then take a punt.shapesalad
- *long termersshapesalad
- Rather than checking QBN when I wake up, I switched to checking the RNS's. My morning routine became more profitable.shapesalad
- lol thanks.
I was on cvac this morning :)sted - Fundamentals. It’s a video tech that is eclipsed by their competition.monospaced
- welcome to vegas. good luck. hope some one comps your drinks********
- shapesalad2
Made £1620 by 8:01am while wearing just my pants - trading the 7DIG mention yesterday. Had bought a dip around 3pm yesterday. Sold on the inevitable opening ramp due to all the hype regarding that stock. Penny stocks.... you have to wait for right one, but when the right one comes along, you can ride the wave and make a tidy sum.
Would I invest long term in https://www.7digital.com
Yeah, I think a £1k stake for a 1 or 2 year hold wouldn't be too bad. Would I buy now.... no way, the stock went up nearly 200% yesterday and is up 20% today. I'd wait a few weeks for all those buying in now to close out when they see it slowly retrace.
- Anyway... this is what I love about capitalism. The casino of the markets.shapesalad
- Yeah I don't think anyone here is anti-capitalism (well maybe some are lol). It's just to discuss the good and the bad.yuekit
- We need a penny stock thread. I've some open positions too.Beeswax
- 7DIG can suck my dick ahahahasted
- I once made £4K wearing nothing and masturbating by 8AM. It's true and not bragging.NBQ00
- The divorce between numbers on a screen and the labour it represents...i_monk
- ^ technically market value has no relationship to labour. neo-libs trade in physical capital (esp. true of the service economy, which counts for 90%)kingsteven
- and hype. it really is just funny money.kingsteven
- ie. in the current model labour is fluid and costlessley adjusted. the market derives its value from its users - not its employees.kingsteven
- Jealous, snarky responsescarabin
- funny money? lol, no it isn't ... it's vey fucking real moneymonospaced
- i didn't say its not real. its very real in the sense that you can believe a religion is real but not believe their god exists... but imaginary in both the...kingsteven
- sense that it is 1's and 0's in a computer and that it has no base value in things that are real (ie gold, or labour (time or energy)) as i_monk suggested.kingsteven
- It’s not just 1s and 0s though. I can sell it and buy a house. You can’t just pray one day after not believing in god and get it answered. Big difference.monospaced
- It’s value is in its prospectus and projections. Like any commodity of seasonal output. Aka “stock” like feed and produce. That’s what the stock market is.monospaced
- To claim it isn’t real is to ignore reality or just plain ignorance. Sorry.monospaced
- mono i'm not denying that money exists, it has a nominal value that can be placed against standards ie. a house or even time (ie 1 hour = minimum wage) but it'skingsteven
- actual value is not real. i am not making this up, it is how the economy works :Dkingsteven
- Value is very real king. It's relative. But very real.********
- Ie how do you value your time? I may value my time less doing the same thing. There may be no true value but in dealing freely with ppl this********
- Thing becomes very important. More people may value my less value of the work resulting in no value of yours. If u have no value how do u eat********
- But u do t want your value challenged a.ongst peers right? Lower fruit who think bringing everyone down to your equal playing field********
- Or more equitable terms defined by u********
- db, you are making the same point as me really badly. if you see earlier my first comment is an attempt to debunk the association of market value to labourkingsteven
- although i do advocate some form of mutualism based on the labor theory of value. where you (of course) believe it can be regulated by a market...kingsteven
- and i dunno, you want a bloody revolution to kill off the poor or sthg.kingsteven
- Umh there is no labor theory there is free markets that determine value. Gov of small people can't determine lunch.********
- What u agree with is free market principles u just don't realize it********
- Ie What determined the price of a nail?********
- db, you flit between Capitalism and capitalism when it suits you. I understand the system we are in and the theory that underpins the libertarian utopia...kingsteven
- you juxtapose your beliefs against their political opposite (socialism) but fail to see that fully developed communism is stateless free association...kingsteven
- you propose deregulation, privatisation and the market will regulate itself. and justify your claims with both a pseudo-religious belief in the invisible handkingsteven
- and an pseudo-scientific economic egoism that lets you dismiss any altruistic concerns. these are the principles that allowed us to achieve Capitalism...kingsteven
- (big C) - the economic dominance of the west driven by private ownership. but they're also the same principles that have driven us to social and ecologicalkingsteven
- collapse. capitalism (small c) is what determines the price of a nail and I believe that a best-of-both worlds scenario can come about through anarchism withoutkingsteven
- the awkward teenage phase (socialism) - that would be driven by the reindustrialisation of the west in a non-political fashion. harnessing the power ofkingsteven
- unions and co-operatives to create a shadow government based on mutualism and to dominate private business and govt based on capitalistic and free-market idealkingsteven
- on the politcal spectrum i stand left, but (even as marx proposed) the end point is both stateless and without private ownership of the means of productionkingsteven
- and anarchist theory essentially exists as a means of discussing how to achieve this outside the political spectrum (without a bloody revolution).kingsteven
- btw a better analogy than the nail: "you print 2 t-shirts, one of che guevara and one of heyek, which one is worth more?"kingsteven
- utopian0
Bill Gates, Elon Musk, Jeff Bezos and the rest of the ‘Oligarchic Dozen’ just reached a ‘disturbing milestone’
“The rich get richer” doesn’t even begin to tell the story these days.
According to the Institute for Policy Studies, the wealth of the top 12 billionaires in the U.S. recently exploded to more than one trillion dollars — yes, 13 digits.
The statistic, of course, is an eye-popping figure on its face, made even more so in light of the devastation in the broader economy due to the coronavirus pandemic.
“This is a disturbing milestone in the U.S. history of concentrated wealth and power,” said Chuck Collins, a director for the Washington D.C.-based progressive think tank. “This is simply too much economic and political power in the hands of twelve people. From the point of view of a democratic self-governing society, this represents an Oligarchic Dozen.”
Since the pandemic first blew up in the U.S. back in March, the “Oligarchic Dozen” has enjoyed a 40% surge in its combined wealth — or an increase of $283 billion.
- It's called capitalism...just ask deathboy.utopian
- ffsake it's only stocks, they don't have those billions in their pockets, or yachtsgrafician
- not unlike real oligarchs...grafician
- Who made the visual? I like how cheap it looks.SimonFFM
- the graphic designer from marketwatch made it.NBQ00
- Kinda misleading, tho...anyone with stocks would have seen a 40% increase from the LOWS of March, too (at least).formed
- (not defending the pathetic lack of wealth distribution, just the article was framed to tell a dramatic story, like Trump's claim of job growth since March)formed
- Don't get jealous, peasants********
- lolMrT
- It's monetary supply. When you create wealth through printing currency you devalue that Curreny and drive asset prices********
- This is a great example of your democratic socialist leaders policy's. But Its so much more complex than just that on global stage********
- Certain arm chairs political economists take so much for granted on global scales. Truth is it's all gov manipulation and markets are going to show real correct********
- Not policy********
- I just think of Goethe. Feels similar. Right now banking stocks or other forms of asset wealth may not provide any di ixends********
- Hell utopian u seem to troll Tesla. Do u know what helps get it over 2k?********
- If u cared... But not what u get paid for********
- Especially when fed is actively buying...********
- utopian3
The new normal for Americans...thanks capitalism!
- Could you buy a broken down vending machine and rig up your own funnel??nb
- in socialist venezuela minimum monthly wage is 8 quarters . I'm not exaggerating!hotroddy
- in plutocratic unites states finding 8 quarters in sofa cushion is a full time job.
I'm not exaggerating!utopian - Actually utopian it's not a job and not an effort most people partake in because effort is worthless********
- utopian2
Jeff Bezos is now worth more than $200 billion, making him the richest person in the world by nearly $90 billion
- Gnash4
Protesters assemble a guillotine In front of Bezos house in dc
https://www.newsweek.com/amazon-…
Lolz. What a great way garner support from people that aren’t wingnuts!
- no packages for you!moldero
- https://i.imgur.com/…PonyBoy
- That took all day to build. They should have just ordered one from amazonGnash
- Ramanisky20
- It’s all vapor. Pretend moneyGnash
- ^ all money is pretend if you think about it. They buy and sell things and it's all virtual.********
- ********-3
Bezos has $204,000,000,000 dollars.
But if the stock has a bad day, he is worth slightly less.
Where does that money go?
