• disguy_ovahea@lemmy.world
    link
    fedilink
    English
    arrow-up
    1
    ·
    edit-2
    8 days ago

    You didn’t answer my question, and now I have another.

    How did he invest in stocks if there wasn’t a Soviet stock system? Russia created the RTS (Russian Trading System) in 1995.

    • Cowbee [he/him]@lemmy.ml
      link
      fedilink
      English
      arrow-up
      3
      ·
      8 days ago

      “I have, which will surprise you not a little, been speculating — partly in American funds, but more especially in English stocks, which are springing up like mushrooms this year (in furtherance of every imaginable and unimaginable joint stock enterprise), are forced up to quite an unreasonable level and then, for the most part, collapse. In this way, I have made over £400 and, now that the complexity of the political situation affords greater scope, I shall begin all over again. It’s a type of operation that makes demands on one’s time, and it’s worth while running some risk in order to relieve the enemy of his money.”

      -Karl Marx, 1864.

      This isn’t about the RTS, but about stock ownership.

      • disguy_ovahea@lemmy.world
        link
        fedilink
        English
        arrow-up
        1
        ·
        edit-2
        8 days ago

        That’s not owning the means of production of his own people. You’re altering perspective to match your system.

        In the US, the wealthiest class are the oppressors. They own means of production through stock ownership or connections to Blackrock, State Street, Vanguard, etc. The middle class may have some local control in small scale, but corporate America is owned by the 1%.

        • Cowbee [he/him]@lemmy.ml
          link
          fedilink
          English
          arrow-up
          3
          ·
          8 days ago

          The bourgeoisie are not the middle class, but the wealthiest 1%. The Petite Bourgeoisie are the middle class. The Bourgeoisie used to be the middle class until they collaborated with the proletariat and petite bourgeoisie to overthrow the aristocracy.