this post was submitted on 20 Jan 2024
19 points (85.2% liked)

Anarchism

3716 readers
1 users here now

Are you an Anarchist? The answer might surprise you!

Rules:

  1. Be respectful
  2. Don't be a nazi
  3. Argue about the point and not the person
  4. This is not the place to debate the merits of anarchism itself. While discussion is encouraged, getting in your “epic dunks on the anarkiddies” is not. As a result of the instance’s poor moderation policies and hostility toward anarchists by default, lemmygrad users are encouraged not to post here, though not explicitly disallowed if they aren’t just looking to start a fight.

See also:

founded 5 years ago
MODERATORS
poVoq
19
As anarchists: Do you buy shares, get money from interest, invest or save for retirement? (self.anarchism)
submitted 10 months ago by punkisundead to c/anarchism@lemmy.ml
11 comments fedilink hide all child comments
 

cross-posted from: https://slrpnk.net/post/5944604

Hey I am currently in the privileged position to think about what I do with the money I saved as an emergency fund. Do I put it in an account that gets interest so less gets lost to inflation?

But from my understanding the bank can only pay that interest because they loaned the money to someone that uses it to exploit people labor or extracts rent from them etc.

Where I live saving for retirement is currently not that big of a thing because its something the state manages, but what do folks do that dont have that?

Should anarchists buy stocks or what else should they do with money that exceeds their safety needs?

you are viewing a single comment's thread
view the rest of the comments
[–] rockSlayer@lemmy.world 21 points 10 months ago

The premise is ridiculous imo. Yes, banks are exploitative, but the reality is that we must do what we need to so we can survive. The saying "there is no ethical consumption under capitalism" extends to every facet of life. An emergency fund placed in a bank account is a good idea to ensure you can maintain a minimum standard of living.

As for investing, here in the US it's damn near impossible to retire without a 401k investment portfolio. I would like to not work some day, so I need to invest. One of the most insidious parts of capitalism is how it compells unwilling people to participate through the state apparatus. Remember, Engels was a capitalist and bankrolled Marx to get the revolution running. Having money isn't a bad thing, until it's time to abandon the need for money.