Soros pledges billion dollars to university network fund to fight rise of nationalist sentiments

[ShieldWife]

Is that Vulture Capitalism?

Honestly, I think people are more used to the idea that industries are bad because they use labor, specifically ones they wish are cheap or something

This shell game is something much less obvious or out in the open where money is actually being used to build working businesses

No, it’s not vulture capitalism, which is a practice which is widely maligned but serves a vital purpose - much like carrion eaters themselves.

Soros in an investor and speculator, a gambler of sorts who has the power to fix the game in his favor, to short sell commodities before he destroys their value and buy when the price is low.

 

[ShieldWife]

Soros bux is my favorite rightie meme, I ain't been paid for any of my activism and I am so disappointed in the man

So how much is Soros paying these days? On the right we can barely even monetize our YouTube videos, much less get paid for activism.

 

[CarlManvers2019]

No, it’s not vulture capitalism, which is a practice which is widely maligned but serves a vital purpose - much like carrion eaters themselves.

Soros in an investor and speculator, a gambler of sorts who has the power to fix the game in his favor, to short sell commodities before he destroys their value and buy when the price is low.

So essentially, none or barely any of his investments are longterm or would actually build lasting infrastructure or businesses that would produce more money than if he hadn’t sold them earlier

 

[Abhorsen]

Honestly, I actually love how Soros made his money, though not how he spent it. He basically said bullshit to the Bank of England manipulating its currency, causing them to leave the European Exchange Rate Mechanism. Any hit against a national bank is a good one IMO, as it shows they are not all powerful.

 

[ShieldWife]

So essentially, none or barely any of his investments are longterm or would actually build lasting infrastructure or businesses that would produce more money than if he hadn’t sold them earlier

He isn’t that sort of investor, he isn’t a venture capitalist who might actually be helping to create businesses that improve the lives of the people. His money is based on buying low and selling high, or short selling which is a really weird process. Basically, he plays a zero sum game, to get rich he must make other people poorer.

 

[CarlManvers2019]

He isn’t that sort of investor, he isn’t a venture capitalist who might actually be helping to create businesses that improve the lives of the people. His money is based on buying low and selling high, or short selling which is a really weird process. Basically, he plays a zero sum game, to get rich he must make other people poorer.

It sounds to me like his money isn’t really worth anything then

Currency as much as it is a sin, has the promise of exchanging goods and services, if it doesn’t really do much of the latter except accumulate. Money from him is just fake gold.

 

[Realm]

So how much is Soros paying these days? On the right we can barely even monetize our YouTube videos, much less get paid for activism.

Like, barely enough to pay rent, I gotta head back to my parents basement

 

[Arch Dornan]

Like, barely enough to pay rent, I gotta head back to my parents basement

For the life of me I don't remember ever having a basement in any of my homes so even if I get called a basement dweller I don't have a basement.

 

[Abhorsen]

He isn’t that sort of investor, he isn’t a venture capitalist who might actually be helping to create businesses that improve the lives of the people. His money is based on buying low and selling high, or short selling which is a really weird process. Basically, he plays a zero sum game, to get rich he must make other people poorer.

That's not actually true. Stock trading isn't a zero sum game, because a stock isn't really money, but a part of a company. This explains it more:

Is the Stock Market a Zero Sum Game? – Pragmatic Capitalism

www.pragcap.com

But more than that, commodity and stock trading provide a public good, as it allows us to determine the correct price of a good, which means we can know whether to produce more or less of it, or if a company has a good idea or not, etc.

 

[Realm]

For the life of me I don't remember ever having a basement in any of my homes so even if I get called a basement dweller I don't have a basement.

Basement dwelling is a state of mind.

Also extremely financially responsible but the independence minded western ideology tends to prefer image over community of responsibility so it ends up a slur

I did stay at home while working/in school till I was 22 so I can honestly say I do fit the definition, at least partially.

 

[CarlManvers2019]

Basement dwelling is a state of mind.

Also extremely financially responsible but the independence minded western ideology tends to prefer image over community of responsibility so it ends up a slur

I did stay at home while working/in school till I was 22 so I can honestly say I do fit the definition, at least partially.

Nothing wrong with still living with your parents, I got lots of classmates who still do that

Then again I’m from the Philippines, we’re more family oriented more or less

Hell, my youngest brother who’s in college still sleeps in my dad and mom’s room

 

[ShieldWife]

Basement dwelling is a state of mind.

Also extremely financially responsible but the independence minded western ideology tends to prefer image over community of responsibility so it ends up a slur

I did stay at home while working/in school till I was 22 so I can honestly say I do fit the definition, at least partially.

Like, barely enough to pay rent, I gotta head back to my parents basement

Nothing wrong with still living with your parents, I got lots of classmates who still do that

Then again I’m from the Philippines, we’re more family oriented more or less

Hell, my youngest brother who’s in college still sleeps in my dad and mom’s room

Even though this tangent started off as a joke, Western nations really should aspire to value closeness with family above some kind of status or materialism associated with living independently.

 

[Realm]

Even though this tangent started off as a joke, Western nations really should aspire to value closeness with family above some kind of status or materialism associated with living independently.

The nuclear family where you move away UK a single dwelling with your spouse and children is a modern creation and entirely untraditional

 

[Floridaman]

That's not actually true. Stock trading isn't a zero sum game, because a stock isn't really money, but a part of a company. This explains it more:

Is the Stock Market a Zero Sum Game? – Pragmatic Capitalism

www.pragcap.com

But more than that, commodity and stock trading provide a public good, as it allows us to determine the correct price of a good, which means we can know whether to produce more or less of it, or if a company has a good idea or not, etc.

Stock ownership also helps by allowing anyone who is willing to save, and put money aside to have a stake in the economy, and a share in the profits.

 

[Terthna]

Honestly, I actually love how Soros made his money, though not how he spent it. He basically said bullshit to the Bank of England manipulating its currency, causing them to leave the European Exchange Rate Mechanism. Any hit against a national bank is a good one IMO, as it shows they are not all powerful.

I suppose someone would have to be a fan; but you do realize that means the taxpayers were the ones ultimately left to foot the bill, don't you? That's not exactly something an ethical businessman would do.

 

[CarlManvers2019]

I suppose someone would have to be a fan; but you do realize that means the taxpayers were the ones ultimately left to foot the bill, don't you? That's not exactly something an ethical businessman would do.

That’s the thing. Ethical, in the end it’s about whatever is pragmatic in gaining wealth and keeping it.

Thing is, I don’t think he has delusions of being everlasting, he just wants to win and have fun doing it even at others’ expense

You can admire a guy for his ability, not his character

 

[ShieldWife]

The nuclear family where you move away UK a single dwelling with your spouse and children is a modern creation and entirely untraditional

Yes, I agree. It probably happened because the nuclear family better accommodates big businesses where the worker can move to the location of the factory - despite the fact that it heavily undermined the traditional family and local community.

 

[Hlaalu Agent]

Yes, I agree. It probably happened because the nuclear family better accommodates big businesses where the worker can move to the location of the factory - despite the fact that it heavily undermined the traditional family and local community.

I am going to agree as well, it is all quite perverse. And it is an inversion of the natural order of things, the economy should serve man, man should not serve the economy.

 

[CarlManvers2019]

I am going to agree as well, it is all quite perverse. And it is an inversion of the natural order of things, the economy should serve man, man should not serve the economy.

Thing is, that definition can be muddied, how will the economy help you if you don’t help it?

It may not take a sudden loss in working hours so that workers stay with their families more

Moving families to near work places isn’t exactly a nice thing either for said families

 

[Hlaalu Agent]

Thing is, that definition can be muddied, how will the economy help you if you don’t help it?

It may not take a sudden loss in working hours so that workers stay with their families more

Moving families to near work places isn’t exactly a nice thing either for said families

I am pretty sure that normal human activity helps the economy. Isn't that the point of classical economics?