“I have, which will surprise you not a little, been speculating … in English stocks, which are springing up like mushrooms this year … and are forced up to quite an unreasonable level and then, for the most part, collapse. In this way, I have made over £400. ...”
One biographer claims Marx decided to try his hand at financial speculation after hearing of the killing that German socialist Ferdinand Lassalle was making on the stock market. Another biographer suggests that some encouragement was provided by Engels (who was part owner of a cotton mill and knowledgeable about business matters).
Further on in his letter to his uncle, Marx says that he is going to do some more trading:
“… now that the complexity of the political situation affords greater scope, I shall begin all over again. It’s a type of operation that makes demands on one’s time, [but] it’s worthwhile running some risk in order to relieve the enemy of his money.”
Proles Podcast (RIP) did an episode about a soviet spy in Japan who started a business and just made a killing and was extremely profitable. Sometimes Communists are better Capitalists.
I see a perpetual struggle over whether China is Doing A Capitalism or simply generating an enormous surplus of value that it's able to export internationally by doing things their own way.
Recognizing the market is irrational is the first step to realizing a better way is possible.
Perhaps it’s that both groups recognize the broken casino of the market and one is just trying to get lucky off it
I suspect it is more the folks complaining about the rigged nature of the markets that drive people Chapo-ward. Long explanations about how HFT skim pennies off transactions, big traders squeeze positions or distort prices, and high profile business professionals make predictions and suggestions that fail to materialize while still receiving endless praise for being rich...
It's very hard to walk out of WSB and have a conversation about the Rational Market Actor. That whittles away at all the Econ 101 shit you were indoctrinated with in high school.
Is there a WSB to Chapo pipeline.
I used to be pretty active there and it seems like a surprisingly popular crossover.
Perhaps it's that both groups recognize the broken casino of the market and one is just trying to get lucky off it
Marx himself dabbled in stock trading.
source
doing a capitalism to own the capitalists
Proles Podcast (RIP) did an episode about a soviet spy in Japan who started a business and just made a killing and was extremely profitable. Sometimes Communists are better Capitalists.
I mean… China.
yep
I see a perpetual struggle over whether China is Doing A Capitalism or simply generating an enormous surplus of value that it's able to export internationally by doing things their own way.
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I know Mussolini dabbled in socialism, that’s why the intra-party politics has to combat liberalism and reactionary ideals.
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I guess dengism isn't revisionist
i just wanna meme and be called a liberal ok
:LIB:
dont stop i'm almost there
middle class socialists :stalin-garrison:
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Recognizing the market is irrational is the first step to realizing a better way is possible.
I suspect it is more the folks complaining about the rigged nature of the markets that drive people Chapo-ward. Long explanations about how HFT skim pennies off transactions, big traders squeeze positions or distort prices, and high profile business professionals make predictions and suggestions that fail to materialize while still receiving endless praise for being rich...
It's very hard to walk out of WSB and have a conversation about the Rational Market Actor. That whittles away at all the Econ 101 shit you were indoctrinated with in high school.
I think people leave WSB when they realize they have a monetary addiction and need something to get them away from it