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submitted 8 months ago by [email protected] to c/[email protected]

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?

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[-] [email protected] 22 points 8 months ago

Tbqh the only absolutely verboten thing to me would be becoming a landlord and charging market rates.

You're very much in a "no ethical investment" situation in a capitalist country, so if you don't want to exploit labor your choices are pretty limited beyond joining a commune somewhere.

[-] [email protected] 9 points 7 months ago

I hope this does not come over as a gotcha or trick question, but why is being a landlord worse for you than owning share of a public corp like lets say Tesla or Apple?

[-] [email protected] 13 points 7 months ago

You're stealing someone's paycheck just because you own something. You're threatening them with homelessness too if you're a landlord.

[-] [email protected] 7 points 7 months ago

It's even more than that in the current market. The current rapid increase in rents is not a natural supply and demand effect, it's a result of the market being captured by what amounts to a price fixing racket enabled by programs like Yield Star. Parent company based in Texas, obviously.

The practice is being federally investigated in America but, ya know, good luck with that with this Supreme Court, when they get around to it in ten years.

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

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Anarchism is a social and political theory and practice that works for a free society without domination and hierarchy.

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Social Ecology, developed from green anarchism, is the idea that our ecological problems have their ultimate roots in our social problems. This is because the domination of nature and our ecology by humanity has its ultimate roots in the domination humanity by humans. Therefore, the solutions to our ecological problems are found by addressing our social and ecological problems simultaneously.

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