The way its "supposed" to work (according to the propaganda that they teach us in business school) isn't remotely how it in fact works and basically is a casino where the rich are the house and they're always winning even when it goes down
literally. if it goes down too much at any one point they can close the market, the government will bail out the big players, and they can always play it like craps where they’re profiting even on stocks losing. in addition, once all the poor people have lost their shit and sell their stocks out of fear they have enough cash that they can just buy everything at a low price.
To be fair there's plenty of rich people who still lose tons of money in volatile markets. They difference is that they can still ride it out long term without going bankrupt and still make money in the long term.
Don't apologize for the wall of text! It's important for people who oppose capitalism to know how capitalism actually works. And the "casino" and "shadowy cabal" miss-explanations are far too prevalent on the left.
I don't even understand how the stock market works :angry-hex:
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his knowledge of the stock market cause him to build all those bunkers to prepare for the collapse of civilization (we need a hoxha emoji)
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we need a post with hoxha emoji ideas
:bunker: 🇦🇱 :bunker: 🇦🇱 :bunker:
its not enough
The way its "supposed" to work (according to the propaganda that they teach us in business school) isn't remotely how it in fact works and basically is a casino where the rich are the house and they're always winning even when it goes down
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literally. if it goes down too much at any one point they can close the market, the government will bail out the big players, and they can always play it like craps where they’re profiting even on stocks losing. in addition, once all the poor people have lost their shit and sell their stocks out of fear they have enough cash that they can just buy everything at a low price.
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To be fair there's plenty of rich people who still lose tons of money in volatile markets. They difference is that they can still ride it out long term without going bankrupt and still make money in the long term.
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Don't apologize for the wall of text! It's important for people who oppose capitalism to know how capitalism actually works. And the "casino" and "shadowy cabal" miss-explanations are far too prevalent on the left.
It doesn't work