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Cake day: June 9th, 2023

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  • fubo@lemmy.worldtoTechnology@lemmy.world*Permanently Deleted*
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    18 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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    18 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.









  • I hate torture-porn movies like the Saw series, but a lot of people are fans of them. Should I worry that those people are likely to commit kidnapping, torture, and murder? Should I advocate that the makers or watchers of those movies be investigated for kidnapping, torture, and murder — without any evidence that a crime was committed?

    We don’t send the cops after people for liking murder stories, theft stories, industrial sabotage stories, or treason stories. We shouldn’t send the cops after people for liking stories of Harry Potter getting fucked by Severus Snape either.

    I think you should be more careful to distinguish fantasy from reality. Most fiction readers and writers have no problem doing so.




  • Many Republicans are sponsored and bribed by fascist powers such as Putin’s Russia. They are under orders to take actions intended to weaken American industry, government, and society. This includes, for instance, sabotaging infrastructure projects, blocking disaster preparedness and relief, and fomenting political violence. The long-range goal is to make America incapable of projecting force to protect its international allies, global trade, etc.; a medium-range goal is to restore a regime broadly supportive of the international fascist movement.

    (Just consider: Why does Putin support Trump? Putin doesn’t want to make America great; he wants to make America incapable — especially, incapable of defending Ukraine and, ultimately, other European allies. Putin predicts that Trump/Vance will accomplish that goal.)