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#economics
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Free Market > Government
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st-just · a year ago
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Who could have possibly foreseen that organizing the entire service economy around low-wage workers without sick leave or reliable access to a doctor might someday backfire. 
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Miss Susan of Texas really never misses huh
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I refuse to allow my most popular post be a twitter screenshot that I added nothing to but I have no idea what to change the caption to and no one liked my memes smh, y’all have such low standards and I will never recover from thousands of people coming into my house and telling me i’m not funny... ms. brockjampton of tiktok i’m so sorry I failed you... Anyway if anyones reading this you’re very sexy and I hope you’re having a nice day. Drink some water, eat some fruit, bully rich people online, look at the stars, and steal a street sign. 
Also, to the dumbasses in my notes, in case you couldn’t tell its called a joke. I know the rich people buy rich people drugs from other rich people doing illegal rich people things while being protected by other rich people... it’s almost like its a subtle criticism of the rich people consuming copious amounts of illegal substances while thousands of people are imprisoned for it... pointing out the hypocrisy of the “smart” wall street men being drug addicts who would be villainized and shamed if they’re poor. Its almost like its an exaggeration of the circumstances for comedic purposes... or MAYBE its just funny to imagine these rich assholes struggling to do their “jobs” after fucking over the general population... like y’all are something else
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reasonandempathy · 12 months ago
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How to Ditch Amazon
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Support your local libraries and the small businesses that are actually making the products you want.  Fuck Jeff Bezos and the systemic, universal worker abuse, gaslighting, and brutality they live off of.
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reasonandempathy · a year ago
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It has literally always been a lie.  These lies have killed millions of Americans over the years.  It has cost the US Trillions of dollars in lost efficiency and higher healthcare costs over the years.  It has helped drag down the life expectancy of the US, meaning, ultimately, that Americans have lost hundreds of millions of years from their lives.
It was always a lie.
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mysharona1987 · a year ago
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jackscarab · 6 months ago
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Okay, so.
I believe I understand the Gamestop story now.
Perhaps it's news to you! It goes like this.
One can bet against the future value of a company's stock. A couple of very large investment firms bet that GameStop's stock would be at or below a certain low level. Perhaps this was some standard amoral investor machination, but they were surely doing harm to the company for money by insisting through the power of their opinion -- because the value of any stock is based entirely on the opinion of the investor -- that GameStop stock is cheap. 
So Reddit gets wind of this.
They think, "fuck capitalism, let's set some Boomer wealth on fire while also saving GameStop from hedge fund depredation." So, en masse, they take their $600 stimulus checks, run them through a free-stock-trade app, and buy as much GameStop stock as they can for as much as they can.
This drives up the price of all GameStop stock.
This obliterates the money of investors who had invested in the idea that GameStop's stock price will be below a certain level at a certain period.
And so:
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It’s hilarious. It’s turning the legalized gambling of Wall Street stock market manipulation against it.
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prokopetz · a year ago
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Y’all have gotta bear in mind that while rent relief is absolutely important, so is mortgage relief. It’s not just a “what about the landlords?” thing; outside of the very largest cities, and especially in rural areas, it’s actually quite common for folks to own their primary residences even if they’re dirt poor -- they just end up spending decades in crushing debt as a result. Like, “fuck the owning class” sounds good on paper, but not everybody who owns a house is functionally part of the owning class; a person with a shitty 1000-square-foot bungalow that hasn’t been renovated since 1977 and a thirty-year mortgage to show for it is not your enemy.
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