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What if we got rid of stocks?
  • if they went underwater

    Bankruptcy would work the same as it does with a stock company. Since Bankruptcy is just liquidating all a companies assets then forming a queue of people with claims to that money, with secured debt holders at the front of the line and stock holders at the back, you'd just remove the stock holders at the back, maybe replace them with the employees to give them a sort of "severance"

  • One of the biggest obstacles to building new housing in California has now vanished
  • Good now the yimbys and the "abundance" guys can shut up. Hopefully now they'll see any of these quick fixes and "cutting the red tape" won't meaningfully effect the housing supply and we can start to realize letting the developers do whatever they want won't solve this crisis.

  • What if we got rid of stocks?
  • What your describing is a socialist revolution. Marx referred to it as the abolition of private property, which he said is the goal of communism. Private property doesn't mean your phone or car or home or whatever, that is personal property, it's stuff you own to use. Private property is something you own to make money from, stocks, bonds, rental properties etc. That type of property is based off power and exploitation, the power to kick someone out of there home if they don't pay rent, or the exploitation of the working class by extracting there surplus value (profit) which goes to pay a stocks dividends, or to be reinvested in the business thus raising the stocks capital holdings and the stocks value.

    In Marxism private property is the justification given to the working class for there exploitation, and abolishing it will free the working class and allow them to organize horizontally like you said with voting, without bourgeoisie property relations.

  • What if we got rid of stocks?
  • How would you get anyone to take risks and start a business

    People create things all the time without a profit motive. Assuming they have a good safety net behind them that allows them to start up there ideas people will create. Case in point the app were on right now, it's developed open source with no profit motive, no stocks, no company. It's built by a bunch of hardline communist who believe in an open social network.

    What banks

    There are credit unions that function as co-ops with no stock ownership

    they would have absolutely nothing as collateral

    Co-ops can have collateral just like any other business, property of a store or factory, stock ( in the product sense ) etc. Yeah we wouldn't have silicon valley with vcs betting millions on unproven tech, but do we really need that?

    Also this is all assuming there's no state involvement or planning. The state has a great credit line that it can use to backstop loans for small cooperative enterprises or just create the enterprises itself, eg. City run grocery stores like zohrans been pitching.

  • UN expert urges criminalizing fossil fuel disinformation, banning lobbying
  • Anyone else been getting a lot of fossil fuel ads lately? I hear them on my podcasts, even progressive ones like the nation, talking about how everything is made with fossil fuels and we need them.

    I guess it's a good sign since it means there public opinion is so shit they need to put up pr, but they're annoying.

  • And they think the LA Metro is dangerous 🤔🤔🤔
  • but the metro is full of crazy (homeless) people

    You think you have to pass a mental health test to get a license? The person driving right next to you could be having a mental breakdown and you wouldn't even know. At least if someone's yelling on the metro I can notice them and switch cars.

  • Former NYC Deputy Mayor Gets the Data Wrong, Says 55% of NYC Residents Will Leave Within 5 Years
  • Actual figure is 19%, idk if that's good or bad, but I doubt they're leaving cause the spectrum of socialism. I'd guess NYC generally has a pretty high turnover rate over 5 years with young adults planning on leaving for the suburbs when they get married / have kids and older people planning on leaving for Florida / the country when they retire.

  • Trump declares Democrats have crossed the line.
  • I like how they've gone full mask off and given up on the anti-semite attacks and are just calling anyone not calling for Gaza to be ethnically cleansed a Palestinian like it's an insult. Not even hiding the Islamophobia any more.

    It's also double funny that he's calling fucking Schumer a Palestinian, it's like calling Biden a communist, which he also probably said. It just goes to show no matter how much the dems try to moderate to accommodate the conservatives they'll always be the enemy.

  • a spectre is haunting NYC
  • That'll cause competition with the private owned stores and force them to push down prices / raise wages until their profit margins are gone, putting them out of business.

    The only entity that will buy the defunct stores will be the state , or maybe some actual non-profits , and now the state owns all the grocery stores and communism will be achieved. Then we get bread lines, is that what you want? /s.

  • Andrew Cuomo concedes New York Democratic mayoral primary to Zohran Mamdani
  • Liberals: No one can even run in the primary against our geriatric dear leader since it could cause a rift in the party

    Also liberals: This anti semite is too dangerous, we must save the voters from there decision with our favorite sex criminal.

  • Russia says it will react “very negatively” if Ali Khamenei is killed
  • Maybe "communist" by the 60s definition as in anyone to the left of keynes then yeah I guess so, but MLK wasn't a communist in any real political sense.

    The analogy still holds though, many of the leaders OP is pointing out are regressive right wing nationalist who would naturally align with putin without being agents of the Kremlin.

    Both these accusations tend to put the blame of these movements on foreigners meddling with our democracy instead of real strains of thought coming from that democracy that need to be addressed.

  • Russia says it will react “very negatively” if Ali Khamenei is killed
  • Yeah, and there were plenty of left journalists on the payroll of Moscow in the 60s. They tended to cover the civil rights movement and anti-war movement very positively, does that mean the leaders of those movements were also secretly agents of the communists?

    Has there been any proof that the people OP mentioned have any connection to putin? Don't get me wrong there all horrible people, but it's not because there "Russian assets" and if they're gonna go against this God awful war then good on them.

  • Anyone in SF want to fuck up some evil corpos data?

    My Uber driver was telling me about this company, trying to get a referral. He was saying you get paid $60 for a two hour session where you wear a helmet and type shit out.

    Not as much of an ai hater as a lot of the people here but this use case sounds particularly dystopian. So I figure if enough people sign up and just think about random shit and fuck up there data maybe that'll gum up the works long enough for them to run out of money.

    12
    Anyone notice any tarriflation yet?

    It's been two months since "liberation day" here in the u.s. and while most of the tarrifs are on a pause the tarrifs on China are still pretty high. I haven't noticed anything from my normal grocery runs, was wondering if anyone else has noticed anything.

    8
    Economics @lemmy.world Not_mikey @lemmy.dbzer0.com
    Could tarriffs deflate some food prices?

    The u.s. produces a surplus of staples, especially corn and soybeans that are exported mostly to China. If China does retaliatory tarriffs won't that lower demand for those staples and thus the price in the US? And theoretically couldn't that also reduce the price of downstream animal products since feeding them will be cheaper?

    This assumes:

    1. Food companies don't use the excuse of tarriffs to raise prices even when there costs go down
    2. The government doesn't step in to back stop corn demand and buy tonnes of it to keep prices high. I know they did this with dairy in the 70s and 80s, not sure if they still do it.
    3
    Episode 1 of the new season of righteous gemstones is lost cause propaganda

    Idk if media rants are allowed on here but didn't know where else to post.

    For context righteous gemstones is a comedy about the children of a mega church pastor who try to succeed him and lead the church despite there horrible personalities. Generally makes fun of the hypocrisy of these rich church pastors pretty well.

    The first episode of the newest season is a flashback to the civil war and the origins of the family. It opens with the ancestor of the gemstones shooting a southern pastor preaching about "states rights" after the service. At first I thought this would be great, this guys gonna go around killing confederates like django. Sadly no he just did it to rob the pastor then goes on to impersonate him as a pastor for the confederates on the Frontline. The rest of the show centers on him being a horrible pastor and focuses on how bad this con man is compared to the soldiers. It then ends with the union capturing his unit and committing a war crime by executing all of them except him.

    The depiction of the civil war is completely white washed and focuses on making the confederate soldiers sympathetic children suffering and dying for there country. Slavery is never mentioned, there are no slaves or black people shown, none of the confederates even say anything racist.

    I understand that portraying all the confederates as ultra racists with every other word out of there mouth being the n word would be inaccurate. It would've been funnier if they did and then we watched them get mowed down by the union, but for some reason this episode they tried to be serious. If you are going to be serious and pretend like this is an accurate portrayal then whitewashing them is just as bad as painting them as evil racists. I get there trying to humanize people often cast as the bad guys but removing there flaws isn't humanizing, it's veneration.

    The rest of the season seems to be fine and pretty unrelated, so if you do want to watch it go ahead and skip the first episode, wont miss much unless you want to learn about the lost cause myth and how a lot of southerners still view the war.

    5
    www.thenation.com 14 House Dems Demanded Mahmoud Khalil’s Release. Where Are the Others?

    All members of Congress swore oaths to defend the right to speak freely and assemble to petition for the redress of grievances. Why did so few of them sign this important letter?

    14 House Dems Demanded Mahmoud Khalil’s Release. Where Are the Others?

    The representatives who signed it are:

    Rashida Thalib, Michigan

    Mark Pocan, Wisconsin

    Nydia Velazquez, New York

    Delia Ramirez, Illinois

    Ilhan Omar, Minnesota

    Jasmine Crocket, Texas

    Summer Lee, Pennsylvania

    Ayanna Presley, Massachusetts

    Latefah Simon, California

    Al Green, Texas

    Gwen Moore, Wisconsin

    Andre Carson, Indiana

    Nikema Williams, Georgia

    James Mcgovern, Massachusetts

    27
    InitialsDiceBearhttps://github.com/dicebear/dicebearhttps://creativecommons.org/publicdomain/zero/1.0/„Initials” (https://github.com/dicebear/dicebear) by „DiceBear”, licensed under „CC0 1.0” (https://creativecommons.org/publicdomain/zero/1.0/)NO
    Not_mikey @lemmy.dbzer0.com
    Posts 7
    Comments 235