No relation to the sports channel.

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Joined 1 year ago
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Cake day: June 9th, 2023

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  • fubo@lemmy.worldtoTechnology@lemmy.world*Permanently Deleted*
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    12 days ago

    Even in a home poker game, it is not possible for all the players to go home having made a profit, whereas that is very possible in the stock market due to growth, labor, and natural resources.

    (The coal miner who gets a wage and black lung is not a player in the stock market. Neither is the sun, which provides free energy to agribusiness.)


  • fubo@lemmy.worldtoTechnology@lemmy.world*Permanently Deleted*
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    12 days ago

    In gambling, the house always wins, by extracting value from the players. In stock trading, the players (capitalists) collectively always win, by extracting value from labor, technological growth, and natural resources. These are not the same picture.

    Sure, you can take on as much risk as you like using derivatives, and emulate a gambler using the stock market as a source of randomness (volatility). But that’s not how most traders behave, and it’s not how most traders’ payoffs work.






  • The Democrats have been a solidly center-right party for decades. JFK wasn’t a leftist! Today, the party has a small left wing, the DSA, represented by people like AOC; but the mainstream of the party remains solidly right-of-center. Democrats support big business, private land ownership, free trade, wage labor, and the rest of the center-right consensus.

    The Republicans, however, drifted from “a little bit right of the Democrats” to “for-real fascist” over the course of the Reagan, Bush, Cheney¹, and Trump administrations. Today, the leader of the Republicans is a Hitler fan.

    So, as usual, the first-past-the-post voting system sucks utter ass … but Americans today have a choice between a center-right president and a Nazi president.


    ¹ Yes, the Cheney administration. Nobody believes Bush Jr. was actually calling the shots.