cross-posted from: https://lemmygrad.ml/post/4822013
I recently bought a course on investing and that is what the course advices for survival under capitalism. Would this come out as being a class traitor? Does it sound snobby? Or is it a good advice?
Buy index funds, accelerate the process of socialization (half joking, but I read a very funny paper by a Chinese economist arguing basically this)
But also: Could Index Funds Be ‘Worse Than Marxism’? https://www.theatlantic.com/ideas/archive/2021/04/the-autopilot-economy/618497/
Lol comrade Jack Bogle
Which paper was this? I am very intrigue to read it
The entire paper isn't about this, but there is a part where the author deals with stocks.
Hu, Jiayong. ‘Analysis of the Innovation and Development of the Socialist Market Economy Theory’. China Political Economy 2, no. 1 (1 January 2019): 85–97. https://doi.org/10.1108/CPE-04-2019-0006.
IIRC he is referring to this particularly interesting part of capital vol 3, see section: III. Formation of stock companies.
https://www.marxists.org/archive/marx/works/1894-c3/ch27.htm
Is that the same paper where some hedge fund investor was interviewed and he quoted Engels to justify his performance
Lol no