I hate the whole publicly traded model of companies. I hate capitalism. But have to engage in trading stocks (I mostly do Mutual Funds and a small quantity of direct stocks) so that my money doesn't lose value by sitting in a bank or cash.

Same thing with credit cards, don't like taking loans and getting marked on a centralised list for that but it's a safer option than using your own money.

Fortunately I don't do crypto so that's a plus.

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[–] leftofthat@hexbear.net 2 points 2 years ago (10 children)

There's a moral difference in owning a savings bond and being a landlord. Sorry if you don't want to engage with that and think it's all a wash because nothing is ethical under capitalism.

[–] TheLepidopterists@hexbear.net 5 points 2 years ago (9 children)

Having a savings bond and being a landlord are different and both are different from having a 401k account that is invested in mutual funds.

Putting your retirement savings in a mutual fund doesn't make you a capitalist anymore than owning the savings bond makes you a bomb manufacturer.

[–] leftofthat@hexbear.net 2 points 2 years ago* (last edited 2 years ago) (8 children)

I said above:

There's no functional difference to buying a $200,000 apartment and renting it out as a landlord or putting $200,000 in a 401k managed retirement fund that owns several hundred apartments buildings. And they do.

We can disagree there, then. There's a much cleaner and direct connection between a fund and rent extraction than there is between a savings bond and a bomb. That's exactly my point. These details matter.

You can lump it all together if you want. I see more nuance.

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