capitalism
capitalism
Out of context: Reply #550
- Started
- Last post
- 1,314 Responses
- 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.deathboy
- 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 thisdeathboy
- 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 eatdeathboy
- But u do t want your value challenged a.ongst peers right? Lower fruit who think bringing everyone down to your equal playing fielddeathboy
- Or more equitable terms defined by udeathboy
- 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.deathboy
- What u agree with is free market principles u just don't realize itdeathboy
- Ie What determined the price of a nail?deathboy
- 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