Direct Registration is a path of clear action that retail investors can respond with when confronted with the normally spectral and nebulous abuses the top percentage perpetuate on the labor class through capitalism.
It’s so rare that a simple and affordable change in understanding - in this case, a different choice in how securities are held - can hit the established powers in the only place they can feel - their bottom line.
abuses the top percentage perpetuate on the labor class through capitalism
Yes, I think that this is exactly the kind of messaging that appeals to federated Lemmy users. For example, the Leminal Space server says, “Take a break from the slow-burn apocalypse of late stage capitalism’s race to the bottom.” I think that bad actors have given outsiders an impression of apes as cheerleaders for late-stage capitalism –– merely degenerate gamblers using questionable technical analysis to make a quick buck and leave someone else holding the bag.
But, as you know, we’re actually trying to make a financial system that works for everyone. This gives us a lot in common with federated Lemmy users. For example, the post “You didn’t bought it you rented it” has 3,988 upvotes –– one of the most upvoted posts in any Lemmy community or server. They don’t like that their printer manufacturer can remotely disable the printer that they own. We don’t like that gaming services can remotely disable video games that we own. Or that brokerages can lend out shares that we own.
I love where your head is at Animorph!
Direct Registration is a path of clear action that retail investors can respond with when confronted with the normally spectral and nebulous abuses the top percentage perpetuate on the labor class through capitalism.
It’s so rare that a simple and affordable change in understanding - in this case, a different choice in how securities are held - can hit the established powers in the only place they can feel - their bottom line.
Yes, I think that this is exactly the kind of messaging that appeals to federated Lemmy users. For example, the Leminal Space server says, “Take a break from the slow-burn apocalypse of late stage capitalism’s race to the bottom.” I think that bad actors have given outsiders an impression of apes as cheerleaders for late-stage capitalism –– merely degenerate gamblers using questionable technical analysis to make a quick buck and leave someone else holding the bag.
But, as you know, we’re actually trying to make a financial system that works for everyone. This gives us a lot in common with federated Lemmy users. For example, the post “You didn’t bought it you rented it” has 3,988 upvotes –– one of the most upvoted posts in any Lemmy community or server. They don’t like that their printer manufacturer can remotely disable the printer that they own. We don’t like that gaming services can remotely disable video games that we own. Or that brokerages can lend out shares that we own.
Everything was ‘ok’ when the capitalists simply owned/controlled the means of production, but now they own the product as well, even after selling it.