“promised territory” hmm where have I heard that before…
“promised territory” hmm where have I heard that before…
give that $10 to a homeless person instead. you will contribute more to a better world that way.
yes there is; investments like buying guns to arm your antifascist and red guard friends; putting money in strike funds and bail funds; buying books (or printer paper and ink) to help comrades engage in theory and host study groups or print agitprop material to distribute and poster…
but yeah “marxist stock-trading” is an oxymoron. You are being the opposite of a communist; you are becoming a petty capitalist contributing to subsidizing the big capitalist’s exploitation of labor, in exchange for dividends off of generated profits ie exploited surplus value created by labor; and trying to leverage other petty and big capitalists’ confidence in the stability and growth of profits to sell for higher than you bought.
Aside from it being contradictory on its face to “stock-trade like a communist”, I’d feel dirty as hell if I spent time and effort using the tools of liberation that are dialectical and historical materialism to analyze the confidence-game ponzi-scheme that is capitalist stock market and gamble on stocks(which again, the value and its fluctuation comes from real and expected profitability; that is, the surpluses and stability of growth of these surpluses that can be expected to be vampirized from exploited labor) rather than on exposing the most critical points of contradiction and agitating and organizing their rupture to the benefit of the communist movement.
The stock market often is counterintuitive to material analysis.
that’s only if you’re looking at it from the perspective of a prole looking at use-value and what “makes sense” from a sensible grounded point of view. If you fully accept the ass-backwards spackle and tape superstition that capitalist economy operates on, where it is just one big confidence game and ponzi scheme; then using dialectical materialist and historical materialist analysis within that framework can absolutely bear fruit. That does not mean under any circumstances this is what it should be used for. I would bully a friend if I found out they were vulgarizing materialist liberation philosophy for such shameless petty-bourgeois ends.
Games top is a hot stock because a bunchnof nerds figured out mass market manipulation, they’re brilliant material analysis was to start selling nfts, somehow their stock remains high.
case in point; they figured out the ways that markets can be manipulated without any real basis; because the stock market as it exists and has existed for a long time is all one big confidence game and ponzi scheme at the end of the day. They had a real materialist analysis of the situation, they just have no principles nor have it attached to any ideology or ethos beyond printing more money from nothing because they figured out they can do it, just as Tesla and these other dipshits can do it.
the good thing is you only really need to hear the US state dept releases to figure out the empire’s front-facing public stances and persona, because all their euro vassals will fall in line anyway — just with varying degrees of eagerness and different forms of pretense that are all irrelevant to staying informed
Ruchir Sharma’s account is not like any you will have heard before.
proceeds to say the same monotonous sleight-of-hand changing-the-name-of-things-and-thinking-you’ve-changed-the-thing-itself garbage every bourgeois economist left of Murray goddamn Rothbard has shit out then re-shit out from their overpaid university institutions in a nauseating cycle for a hundred years
This is literally the same “road to serfdom” (also a terrible book) mont perelin garbage that has been bandied about by liberal bourgeois economists for a century, and is still as detached from the material reality and interests and the actual nature of political-economy and the state behind these inevitable realities. I’m unreasonably pissed at that blurb for being so goddamn bad and historically illiterate.
both of them. author and blurb-writer. go to the gulag and be reeducated. You must transcribe Marx’s Captital by hand 3 times, with select chapters chosen by the central committee to be transcribed 10 times each.
Joe Biden doesn’t care about black people