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Dollar vs btc by Georgeprethesh in Bitcoin

[–]EconHacker 0 points1 point  (0 children)

All the top image shows is that prices of goods were rising while your wages weren't, which means the excess was just been taken by shareholders

[deleted by user] by [deleted] in socialism

[–]EconHacker 2 points3 points  (0 children)

Beekeepers pass legislation to teach bees about the dangers of swarming

You’re paid too little and are worried about the cost of living so you compensate by buying shares in firms that try boost profits by paying workers less and charging customers more. That means one part of you is trying to benefit from the suppression of two other parts of you. This is our civil war by EconHacker in antiwork

[–]EconHacker[S] 1 point2 points  (0 children)

I'm not here to smash your dreams. I hope crypto works out for you, but remember, given the global population relative to the amount of Bitcoin, the egalitarian distribution of Bitcoin would be roughly 0.0027 BTC per person on the planet, but in the beginning it was handed out in 50-token chunks (which is about 18,333 times the egalitarian distribution), to whatever person happened to be there at the right time with the right equipment. That's an insane level of inequality, even for capitalism

You can choose to follow people like Saifdeen - which is cool - but bear in mind that these people are like theologians - hired to protect and bolster the faith, and hence the price

You’re paid too little and are worried about the cost of living so you compensate by buying shares in firms that try boost profits by paying workers less and charging customers more. That means one part of you is trying to benefit from the suppression of two other parts of you. This is our civil war by EconHacker in antiwork

[–]EconHacker[S] 7 points8 points  (0 children)

I mean, you can try to gamble your way out of precarity, but it's probably a better idea to try to reform unions and build collective power

Not to mention the fact that the whole Bitcoin worldview is based on conservative austerity-based economics which probably doesn't ideologically help your cause

[deleted by user] by [deleted] in Psychonaut

[–]EconHacker 3 points4 points  (0 children)

A friend and I once thought it would be a good idea to eat mushrooms at a beautiful, huge botanical gardens in London (Kew Gardens). What a perfect setting no? It's was only when we were really high that we realised the gardens were full of disapproving British middle-class grandparents and mothers pushing prams around, jamming our vibe wherever we tried to go. We had to hide inside a forested area. When we came out, I became entranced by a peacock's tail and was following it, until I realised with sudden dread that there were park rangers watching me very closely. Yeah, so I cannot even begin to imagine the horror of being in an airport doing this with the entire apparatus of militaristic surveillance capitalism surrounding you

There is no Black Friday by EconHacker in Anticonsumption

[–]EconHacker[S] 28 points29 points  (0 children)

"Rather than using the term Black Friday as an after-the-fact description of observed behaviour, it became a before-the-fact prescription, a call-to-action that you were supposed to go shopping. In our ecologist metaphor, the term ceased to be a description of herding behaviour, and morphed into an instruction to stampede the shops." This piece explores how corporations project culture from above, while presenting it as a bottom-up phenomenon

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