• 9 Posts
  • 43 Comments
Joined 1 year ago
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Cake day: June 28th, 2023

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  • You need to work to get the funds to pay for food, water and shelter. Or you go into debt to afford those things, which is probably worst.

    By working you are serving the shareholders that will do their best to exploit you. Their greed will funnel it’s way to you in the workplace through shitty policies or a strict boss or low wages or whatever self serving bullshit they come up with.

    I guess being exploited by a shareholder feels less direct than by a landlord. However, if all landlords became shareholders, the injection of of capital into company shares would make upper management have to serve the shareholder’s interests even more, ultimately resulting in an increase in the amount of exploitation we experience in the workplace.

    I see where you are coming from with the inherent lack of housing supply, but we are nowhere close to running out of finite space. Especially when we are able to create way more homes by building vertically.

    And I’m not saying landlords aren’t exploitative. I’m saying that other forms of ownership as just as exploitative.



  • Thanks for the links. I understand these concepts better now.

    By that definition shareholders are rent seekers too. They extract way more value from the company than they add to it. Except instead of making money through leasing, it’s through dividend collection, capital gains and share buybacks.

    As for loan givers, you could argue their existence provides value because it gives people access to funds they wouldn’t otherwise have had, allowing them to purchase goods they wouldn’t have been able to. However, when the whole system is set up such that going into debt is a requirement then the service offered by the loan giver doesn’t really add that much value to society.

    In fact, if loans weren’t so tolerated, the market or government would have been forced, at an earlier point in time, to do something to reduce the costs of things we purchase with loans like real estate, cars and education (in places where it isn’t free/cheap).

    Instead, loans artificially increase the cost of things to the point where buying them without getting a loan becomes impossible. For instance, by increasing the amortization period of mortgages from 10 years to 20 years to 30 years, the price of a home increased such that now it is completely out of reach to people looking to buy property without a loan.