Is investing possible without being a champagne lefty?
What I'm wondering is if there is a way to invest money without exploiting people and contributing to hyper consumerism. I mean, just having a savings account means that the bank will use my money to speculate on the market.
What are your thoughts?
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We don't have communism right now. We live under capitalism. There's no sense in trying to act like we already live in communism. This kind of "be the change you want to see" is not necessarily helpful.
Just make as much money as you can and work on real revolution on the side. The money is useful for that.
No. But on the other hand there's no ethical consumption in capitatalism.
Yes, and since interest rates are below the rate of inflation, your nominal wealth will increase while your real wealth diminishes. Putting your money into something that will see returns is a survival tactic to keep from falling into the "extremely poor" category. Even if it would make you bourgie-lite, the revolution allies with traitors to the bourgeoisie. Given how sick, tired, uneducated, etc. the poor will often be, having someone who comes from a better life can be a real book in that regard.
Use the system to your advantage. Capitalists will sell us the rope we hang them with.
I think there's mutualism style banks. What are they called?
No such thing as ethical participation in capitalism is possible. However, you should not fault yourself/the individual for that – as long as you want to stay alive, you need to partake in the system. Striving for your own self-interest you should do what is best for you, while always keeping communist ideals in mind. I have no problem with porkies as long as they as individuals truly work towards a better, communist tomorrow.
Invest in coop bro
Credit Unions.
Ok fagd riddle me this:Would there be socialism if there were only coops?
yes its as easy as breathing in a lake of lava, try and let me know how it goes
closet soc-dem/liberal spotted
I have shares in the consumer mobile/cell coop, electricity/gas coop, and national grocery chain coop. I reinvest my dividends into the coops so they have more capital to operate with (they tend to have greater difficulty in raising capital compared to conventional enterprises due to their nature).
It's doing you more harm than good, your landlord is able to easily re-mortgage any of his existing assets so he can then rent out the home you would have otherwise bought. Working class people receive more harm than good from retail banking. That's just the property market, banks will also fuck you over with investments in fossil fuels, lobbyists, arms manufacturers etc.
Here's a good accessible guide on more (relatively) ethical investments, including crowd funding of community owned renewable energy schemes (you still make a profit).
Also I recommend other Brits here if they haven't already, switch their pension plan from a standard fund into an ethical one (no arms, fossil fuels, alcohol, gambling tobacco etc).
Also joining a credit union or building society confers you a right to vote (1 member 1 vote unlike shares) and have your say in the organisation unlike most commercial banks.
When will this meme die?
In any case, it's not wise to fund the porky tormentors you are trying to overcome IF you can find alternatives.
It's the wisest thing to do, it is true accelerationism.
These. Fpbp
The only ethical action here is really to accumulate as much capital as possible and try to join the bourgeoisie. The more MoP held by socialists, the better off the cause of revolution.
This sounds glorious.
I am looking at co-ops within my state in the U.S.
I already do Credit Unions but now that I found co-ops I can use for groceries amd stuff. Feels like I can remove myself from the capitalist economy more and more.
Aren't coops supposed to be owned by workers? How the hell can you own shares there?
Theoretically there's a company here and there that promises to act ethically. Even if they follow through with that promise, the rest of its production/distribution/service chain is bound have usual porky business. "Ethical capitalism" is unsustainable because it just plain gets competed away. It's a luxury, a niche market in itself.
I suppose that something like Kiva but with really low interest and/or only for co-ops etc. might be the closest you get. But of course, to truly help these people, you'll probably have to forego your personal interest i.e. lend at 0% interest.
Wondering if following your ego is lefty or not is champagne lefty
How the fuck is that a cooperative if you can buy a share you dumb dumb
It's still capitalism, it's just not as insidious.
You know what capitalism is right? The production of commodities to be sold for profit, cooperatives are not out of place in capitalist societies.
They're consumer cooperatives, you can invest as much as the society will allow you but you're only entitled to one vote. These coops that I'm a member of, weight the votes as well so the consumers don't have too much of an advantage over the workers. The sum of the workers votes equals the sum of the consumers and there's a third group whom I forget.
But then if a coop prodices commodities just formexchange it is not capitalism as there is no profit in money form
I want to pull myself from the capitalist grasp.
These are going to be the best ways to do it.
Credit Unions, Mutual Insurance companies, and Co-ops.
I don't understand what you mean by things to be sold for profits. That isn't how these things work at all. They aren't capitalist in the first place.
Just a quick question, I'm currently taking an industrial economics class, why the hell would going back to a secondary economic structure
(according to Rostow's model of modernization) be considered a good idea; because literally the only solution would be lowering wages and workers rights exponentially, just to be able to keep up with other countries where they have literal slavery.
A properly coordinated cooperative economy can engage in barter thus completly eliminating the need of currency
no it can't. Or at least not in practice.
Why not, it already happens on massive scale companies like walmart, they use credit instead