this post was submitted on 20 Feb 2024
153 points (90.5% liked)
Technology
59605 readers
3403 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Because stock bros be lazy AF. They can't even be bothered to buy and sell stock based off of who is and isn't doing well, so they utilize investment firms who offer safe and risky bets like ETFs and Futures respectively. Ultimately, everyone really just wants to buy one stock, have it make them money that exponentially makes even more money quarter after quarter forever, and then do whatever they'd actually do if money were no object (i.e. actually live life).
We don't live in a world where desire/need scales evenly with this desire for exponential, eternal growth. Therefore capitalists, who promise this impossible prospect to Wall Street, exploit human fears, desires, and needs however they can (union busting, lobbying, etc.) to keep growth up for as long as they can.
George Carlin probably put this concept best in what has to be one of the greatest bits of all time, on The Big Club. Although not directly related to this topic per se, it points to the truth of how this game between government politicians and capitalist corporate overlords is played. All the while, the majority of people, who are not in "The Big Club", are basically fucked.
Still I'm feeling tickles of admiration with nature seeing how these two seemingly unconnected things work together (human dream of making something from nothing without work, politicians being corrupt without realizing it).