GameStop Stock surges due to meme traders
- Thread starter TheMysteriousGX
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If Wall Street fails, that state of affairs is going to look paradisical.
What I think you want is to reform it so it better serves US society - perhaps you could end it in the long run through gradual phasing out. Inflicting years of chaos and deprivation on the people you aspire to raise up is not exactly ideal.
Only if the wrong people are still allowed own everything. We have more than enough houses for everyone. We produce more than enough food for everyone. The only reason there is deprivation on such a massive scale is because we just allow literal mass murdering fucks profit off of it.
As long as we wait for the landlords to give the serfs permission to not starve to death in manner they deem appropriate the system will never get better. Certainly won't get better fast enough to mean anything. Let's just wait until nobody can own property and what isn't under the sea is desert. The entire imaginary economy only exists to make the filthy rich appear richer. It doesn't produce anything.
And my question is: is this spite big enough for them to bite the bullet willingly? How many put their money expecting to never getting it back? The stock market usually is motivated by greed and fear; so pure spite is pretty rare there.
You cannot have Wall Street (as it is now) crash without taking the US economy down with it: it would be literally years, and potentially over a decade or two before the USA fully recovered.
If you want to fundamentally break the USA and hope you can build a fairer one out of the wreckage, okay: but like I said, the poor are going to take one hell of a beating in the transition and you need to own that, too.
I'd imagine that anyone who steps up to do that will trigger some sort of defense mechanism as the money and power protects itself. I'd imagine that all that money could buy some sophisticated and devastating counter-measures of questionable legality.
Great now houseman is talking sense guys. Good job.
Yeah that whole nonviolence is the best way thing is a myth spread by the people afraid we'll figure out violence is the way revolutions happen. Billionaires got richer by almost the exact amount workers for poorer during a pandemic. Their unfettered mass consumerism is literally going to kill our planet in our lifetime. They'll either kill all of us or we take what's ours.
...and your suggestion is to kick the can down the road another ten years like what happened last time, to ensure the effects when it does inevitably come crashing down -- likely due to the unavoidable catastrophic consequences of climate change -- there really will be a full-on American Holodomor? When this scenario is as you claim it to be specifically because of your line of myopic and foolish doomsaying provided for neither meaningful reform nor consequences for those responsible?
Based upon what, a presumption that if hedge funds fail production and commerce in the US simply fails altogether, and the things being predicted are simply what's already happening?
Nah. I'll not heed word of people who licked Wall Street's boots in 2008 and are coming back around this time with "wisdom" that enabled a second Gilded Age.
Yep, I'm not stupid enough to hope Wall Street has a massive collapse and screws everyone's lives up for no clear gain except satisfying the bloodlust of more extreme socialists. So sue me.
Significantly more aggressive sustainability policies and financial regulations etc. I'm fine with. The problem is passing them in the face of political opposition.
Well, the problem as I see it is all their money is imaginary. We either have to play act that they do something or society collapses.... they former which devalues everyone else worth. When you realise that Wall Street is pretty much taxing the average worker 90% of their production value just so they can do some bets doesn't sit well with most people. Oh sorry, because its privately done, we cant say they aren't taxing us.
Yep, I'm not stupid enough to hope Wall Street has a massive collapse and screws everyone's lives up for no clear gain except satisfying the bloodlust of more extreme socialists. So sue me.
Significantly more aggressive sustainability policies and financial regulations etc. I'm fine with. The problem is passing them in the face of political opposition.
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We either stop pretending their bullshit is real or we let the rich get richer and the poor get poorer but hopefully slower or something maybe? What I'm saying is we let Wall Street collapse and then we stop pretending billionaires aren't just using their pong high score to claim they own everything and the people who do all of the labour and all of the producing own nothing. If a handful of Wall Street fucks who have absolutely directly had a hand in the deaths of many many people decide to throw themselves from their window in desperation then that's a nice bonus. Fuck them.
This isn't a difference of opinion this is pricks ruining lives and killing people. They need to stop.
Yeah, you just think we'll survive letting Wall Street carry on screwing everyone's lives up.
Yep, I'm not stupid enough to hope Wall Street has a massive collapse and screws everyone's lives up for no clear gain except satisfying the bloodlust of more extreme socialists. So sue me.
Significantly more aggressive sustainability policies and financial regulations etc. I'm fine with. The problem is passing them in the face of political opposition.
We either stop pretending their bullshit is real or we let the rich get richer and the poor get poorer but hopefully slower or something maybe? What I'm saying is we let Wall Street collapse and then we stop pretending billionaires aren't just using their pong high score to claim they own everything and the people who do all of the labour and all of the producing own nothing. If a handful of Wall Street fucks who have absolutely directly had a hand in the deaths of many many people decide to throw themselves from their window in desperation then that's a nice bonus. Fuck them.
This isn't a difference of opinion this is pricks ruining lives and killing people. They need to stop.
Dreaming of Wall Street collapsing is the left-wing equivalent of people who think a massive, years-long war with China is the best way to solve a load of the world's problems: a load of incredible ruin with no guarantee of success, when there are still a lot of much less devastating ways available to accomplish the same ends.
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This operates under the assumption that Capitalism can be reformed or that reforming it is worth the effort, I would argue that it's not, there's little point in trying to fix a system that is quite literally designed upon the premise that some people must have less or nothing in other to be subservient to those that do, a system in which the general populace have no real say on what to do as the real decisions are made by the political class that pretends to be the voice of the people and the filthy capitalists that pay them, it doesn't seem worth the time to me, rather than that we should seek to replace it with something else, I mean why settle for the pretend voting we have now when we could change the system to one where our votes actually do something?
At least it's an ideal, as opposed to "doing the same thing politicians have been talking about doing since the S&L crisis until the issue passes out of public scrutiny, then continuing the status quo while pretending something was done" apologia. Someone once said something about doing the same thing over and again, but expecting different results...
Yep, I'm not stupid enough to hope Wall Street has a massive collapse and screws everyone's lives up for no clear gain except satisfying the bloodlust of more extreme socialists. So sue me.
Significantly more aggressive sustainability policies and financial regulations etc. I'm fine with. The problem is passing them in the face of political opposition.
...but honestly, can't expect much different of people who supported Biden.
I don't know how many people sat to watch the entire Jim Fucking Sterling Son video but they made a nice little snipper of their video that I think pretty well nails the point for why people are not only gleeful but actively looking ways to literally tear Wall Street and The Stock Market to shreds and destroy it...
Hitler was also a man with ideals...
Simply having ideals doesn't mean shit unless you actually implement them for the good of others.
Reminds me of Republicans who say it's too soon to politicise the issue straight after a mass shooting and then just get to hold off until the next one.
The liberals like to wave a flag of progressivism but really they don't care about all the people who are dying right now because serfdom2.0 is working exactly as intended. They want change they just don't want to rock the boat in any meaningful way. Instead let's slowly reform the system that is working exactly as intended. Again, we are on the edge of our mass overconsumption literally destroying our planet, the amount the top 1% got riche by is almost 1:1 what workers got poorer by. Everything's fucked and continuing the way things are is what's going to cause the disaster. We already had the widespread suicide of the late 2000's/early 2010's. Let's see what the fallout will be now when the inequality is vastly greater now than then. That's not even looking at the exploitation of the world's poorest countries.