Late Stage Capitalism

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‘They couldn’t even scream any more. They were just sobbing’: the amateur investors ruined by the crypto crash (IMO they deserved it and only have themselves to blame) (theguardian.com)

submitted 2 years ago by [email protected] to c/[email protected]

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[–] [email protected] 1 points 2 years ago

Not to mention the western financial system is just abhorrent. The libertarians rebel against it because they see it impedes their ability to own property. Which is true because none of us really have that and the privilege actually owning the means of production will give us in a socialist society.

For those reasons I have been a crypto advocate. Crypto let's us undermine the financial system and it let's us control our transactions without the knowledge or consent of the capitalists.

And it had been a convenient way for me to make some money but seeing crypto advance I think some of those speculative elements need to be disabled.