Artist, musical performer, and former derby skater from the Midwest.

I’m single, childless, and married to freedom and adventure.

@artbyflashmob on Instagram

ACAB

  • 2 Posts
  • 281 Comments
Joined 1 year ago
cake
Cake day: June 12th, 2023

help-circle












  • FlashMobOfOne@lemmy.worldtoTechnology@lemmy.world*Permanently Deleted*
    link
    fedilink
    English
    arrow-up
    28
    arrow-down
    5
    ·
    15 days ago

    In gambling, the house always wins, by extracting value from the players. In stock trading, the players (capitalists) collectively always win, by extracting value from labor, technological growth, and natural resources. These are not the same picture.

    Excellent analogy. People who equate the stock market and gambling should go look up where the DJIA stood in October 1994. The slot machines in Vegas don’t magically start spitting out profit just because you’re patient, but stocks generally do over time.