US News

2047 readers

132 users here now

News from within the empire - From a leftist perspective

founded 5 years ago

MODERATORS

Bezos has divested $12.5 billion worth of Amazon shares, while Warren Buffett has disposed of his Apple stock investments and is now sitting on a staggering $325 billion in cash reserves. (lemmygrad.ml)

submitted 3 days ago by yogthos@lemmygrad.ml to c/us_news@lemmygrad.ml

20 comments fedilink hide all child comments

These actions suggest that we may be standing at the precipice of the largest financial bubble in history, which they seem to believe is about to burst imminently.

https://breakingthenews.net/Article/Amazon%27s-Bezos-sells-dollar1.25B-worth-of-shares/63056547

https://www.wsj.com/finance/investing/does-warren-buffett-know-something-that-we-dont-48fabc9d

https://www.forexlive.com/stock-market-update/buffetts-berkshire-hathaway-hoarding-cash-in-a-pattern-seen-before-the-financial-crisis-20241112/

you are viewing a single comment's thread
view the rest of the comments

[–] Feline@hexbear.net 12 points 3 days ago* (last edited 3 days ago) (1 children)

on western companies to acknowledge the current world context, and start dropping their neoliberal paradigm since this is a do or die moment for them.

Western companies abandoning neoliberalism lets-fucking-go

To ideologically align with the fascists in power deeper-sadness

[–] bennieandthez@lemmygrad.ml 5 points 3 days ago (1 children)

Trump is a neolib too, he makes it pretty clear when talking about trade imbalances.

[–] Feline@hexbear.net 3 points 3 days ago (1 children)

That's actually a good example of why he's not a neolib. Neoliberals see trade imbalances as a neutral or even a good thing.

[–] bennieandthez@lemmygrad.ml 0 points 3 days ago* (last edited 3 days ago) (1 children)

no, negative cash flows are a bad thing for the neoliberal lense since they reduce everything to cash flows, everything else doesn't matter. a neolib would think they're losing when they have a negative trade balance with X country because they ignore that they're receiving a material commodity for that trade. Same applies for budget deficit, that's why they always push to reduce goverment spending.

trump always says that china is beating them because their comically lopsided trade balance, forgetting that they're getting a shit ton of commodities in return, which is a pretty clear sign that he is, knowingly or unknowingly, a neoliberal.

[–] Feline@hexbear.net 7 points 3 days ago

That's not what neoliberalism is. Neoliberalism is the ideology that promotes free markets and globalization. Trade deficits are an inherent part of the neoliberal order. The dollar flows out of the US, while the wealth and resources of the global south flow into the US. That's the trade defecit, and neoliberals have no problem with it. Neoliberals are the ones who did NAFTA and the other free trade agreements that more or less necessitate a trade deficit