krishna bound

1y

Hayek isn't the worst ever but his belief in subjective valuation and crisis being due to external policy-making is pants on head re-tar-ed. His theory about credit-induction affecting profitability is likely true though and not innately incompatible with LTV

Choking

1y

what u think of road to serfdom i found myself a copy of it the other day

snowboyrari

1y

do yall gotta say the r-slur in this thread

lenin himself called ableism one of the 4 primary special oppressions facing the working class

krishna bound

1y

the more people i meet who are extremely wealthy/powerful the more i can basically conclude all of the actual bourgeois falls into the camp of marxist or stirnerite
at a high level, whether they know it or not, lots of really powerful people basically operate through either A) marxist economics in principle, even if they aren't aware of such or B) complete and utter bullshit that flies in the face of virtually any economic theory because they dont care
anytime you see some guy in the credit industry who made a f***tilion dollars doing lending or something, just know there is a 90% chance he did so applying marxist economic principles. any time you see someone who made a decision that is so insanely stupid (see: likely the current board at Klarna) just know its because they dont think or care about the reality of economics.
side not as well but a lot of the bourgeois (and i mean actual like, old money bourgeois) in europe openly identify as communist. it's really funny.

PFLP optimisticman

1y

I disagree with this because its honestly whitewashing what it means to be a capitalist. Could these people seem nice and preach egalitarian values? Sure but to be a private owner means your constantly engaging in violent or nonviolent suppression of the working class. Its easy to pretend like u can be removed from the system and not act in your class interests but reality is different then stated values

krishna bound

1y

I'm not as much saying that all of the bourgeois are card-carrying communists as much i think many of them operate on the same assumptions and principles found in marxism as a science or the inverse beliefs of ML as a political system.
With the economic part I mention prior, it surprises a lot of people how many rich finance people do not operate under MMT vs Austrian Economics or something of the sort; lots of them are well aware (at times, consciously and actively) about concepts like EV, TRPF, and LTV (just as simple examples among others).
I've heard investors openly reference concepts like this as economic justifications for why investments do/don't make sense or expectations about economic outcomes. Don't get me wrong, there are also incredibly rich people who are true believers in austrian economics (i.e. thiel, musk), but you'd be surprised where the lines get drawn there even by people who are likely directly in their earshot.
As a political system by comparison, I remember there was a post like 1000 pages ago in this thread which was like "my friend read the communist manifesto and came back to me like damn i gotta become the bourgeois fr". Now, imagine you are the bourgeois already and you read it. If you're smart enough to know it's not nonsense you will have one of two reactions:
A) "Damn I gotta stay the bourgeois fr"
B) "Damn I gotta not get eaten by the proletariat fr"
Words cannot express how much these two individual points have shaped the entirety of european bourgeois (particularly old money) culture. Separately, there is also a specific class of old money families ("old" being more modern to a degree) who trace their old money to the fall of the USSR rather than turn-of-the-century capitalism. There are a lot of families spread throughout central/western europe who are basically like "yeah my father/grandfather was a high ranking xyz in the CCCP and on the collapse of the soviet union we basically became billionaires". Funny enough, a lot of these people are still true believers to the extent they can be in the USSR and typically Khrushchev/pre-Khrushchev communism (and typically are very close with the Chinese government in my experience as well). There is a guy who is one of the biggest entertainment industry investors in France whose family is like this and he literally has like giant pics of lenin and stalin in his home in Paris. This sounds like something idiosyncratic to one guy but i can guarantee you it is not

krishna bound

1y

oh that's a leaked video of glenn greenwald participating in BDSM raceplay findom licking some guy's feet on my timeline

Plight2

1y

let a man live.

snowboyrari

1y

should put into context how garbage the PSL and JVP reactions to this shooting is when even other revisionist parties are openly praising it

fun guy

1y

this statement has the DSA in complete shambles lmao

snowboyrari

1y

wow that's crazy, maybe they shouldn't be a caucus in the party of slavery

snowboyrari

1y

wow that's crazy, maybe they shouldn't be a caucus in the party of slavery

spongebob

1y

the liberation caucus is like brand new im pretty sure

snowboyrari

1y

wake me up when it turns into the weather underground

spongebob

1y

the liberation caucus is like brand new im pretty sure

Choking

1y

we’ll be doing this to anyone in a managerial position

WRU

1y

youre on a date and the waiter brings out the The Lenin™ Cake to your date wyd