I’m looking for your deepest abstracted definition of the history and political nuance, the philosophical, the ethics, the evolved and historical meaning, and the meaningful impact it has had in evolving political structures and systems.

This is not ELI5, or a dumb question like “What is the stock market,” /s… It is a question of dumb contexts like: what is it really under the surface, or what is it in your opinion, or what is it in principal, or what is it used for as a justification for other parts of society?

  • Sanctus@lemmy.world
    link
    fedilink
    English
    arrow-up
    29
    arrow-down
    1
    ·
    26 days ago

    Stocks are fancy notes that the owning class convinced pensioners are better than an actual pension. This amounted to a lot of elderly people not having adequate retirements. Its also a convenient method to exploit your labor by participating in stock buybacks, which inflate the wealth of the owning class, by not reinvesting money in your company’s work force. Its a triple pronged trident to fuck the poor and allow the rich to all become avatars of Mammon.