Wade1865 Posted August 7, 2022 Share Posted August 7, 2022 Spockydog -- your response disappeared! It was exactly the kind of perspective I wanted. Talking about it would be enlightening, and inform my own principles. My impression was that you're deeply sympathetic to people exploited, equating the practice with evil. It seemed emotionally personal to you, suggesting you had been exploited yourself. In that case, you have my deepest sympathies. Everyone on earth has been exploited, though. And I think most everyone feels sympathy. But, greed! On your central, enlightening point, you brought up misery as a condition of exploitation. Three common investments today include stocks, bonds, and real eastate. You don't even have to bring up anything obviously evil to highlight that these three, which most people consider good or harmless, are actually some of the most exploitative things ever invented. Have you owned any of them? What about a 401K? Savings account? Ever bought a pair of shoes? Cell phone? Big Mac Value Meal? US savings bond? 1) Stocks and dividends. NKE, one of the most profitable corporations, exploited low-wage labor in the form of sweatshops, taking surplus value from workers paid just enough to survive. Additionally, on the sell side, NKE practices what looks to me to be taking advantage of poor minorities by selling them Air Jordans and all the associated faux-aspirations that go with it. Modern slavery. 2) Bonds and interest. I think they go back to the beginning of civilization. It's core utility involves usury to some degree, which is un-Christian, un-Jewish, and un-Muslim. Most notably, it was used as a means to fund mass, organized warfare since the 17th century, and hasn't. stopped. since. Modern warfare. 3) Real estate and rents. Used by rentiers, to profit off people who can't afford their own homes. Although government taxes and corporate insurances exploit rentiers, one-home owners and tenants are exploited just the same (and tenants don't even own the property!). But at least it's a step up from the old days where the royalty and nobility owned the land. Landlords then, landlords now. Modern serfdom. Quote Link to comment Share on other sites More sharing options...
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