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submitted 10 months ago by lledrtx@lemmy.world to c/workreform@lemmy.world
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[-] Coreidan@lemmy.world 1 points 10 months ago

And? How do you get stock market from that? They are obviously talking about the economy as a whole and not the stock market

[-] snooggums@kbin.social 1 points 10 months ago

The stock market is the reason for chasing quarterly profits and a massive part of what gets counted as the economy. It is the main driver of all the shitty late stage capitalism practices we are discussing.

[-] Coreidan@lemmy.world 1 points 10 months ago

The stock market is certainly part of the problem but it’s not everything.

Capitalism in its entirety is the issue. Capitalism is based on infinite growth which is unsustainable and impossible.

The stock market is just a tool to extract wealth from the populace. Without the stock market it would still happen but with less efficiency.

You have the same problems with or without stocks.

this post was submitted on 19 Jan 2024
860 points (97.7% liked)

Work Reform

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