this post was submitted on 17 Nov 2023
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[–] fosforus@sopuli.xyz -2 points 1 year ago (3 children)

If I, an absolutely moral and ethical person, don't buy Tesla stock and gain profits from its climbing, somebody less moral and ethical will.

[–] PsychedSy@sh.itjust.works 4 points 1 year ago

I mean that's how public stocks work, yeah?

[–] 520@kbin.social 4 points 1 year ago* (last edited 1 year ago) (1 children)

But you buying and holding also contributes to the price going up. Just as you refusing to buy or selling your shares contributes to prices going down. This is how Elon has manipulated markets for quite a while.

[–] PsychedSy@sh.itjust.works -2 points 1 year ago (2 children)

Bruh. What internet lefties have right is that we don't have an impact in capitalism. Get yo wins.

[–] 520@kbin.social 4 points 1 year ago (1 children)
[–] PsychedSy@sh.itjust.works 2 points 1 year ago

Guns or GMEs. Get your gold my man.

[–] Basil@lemmings.world 1 points 1 year ago (1 children)

You mean those who denounce capitalism aren't actively fueling the fire? Imagine that.

[–] PsychedSy@sh.itjust.works 0 points 1 year ago

They are, but they think they're fighting it.

We gonna ignore definitional disputes.

[–] Bytemeister@lemmy.world 2 points 1 year ago

I think what you meant is,

If I buy Tesla stock, then I have a small voice in how the company is run, and I can push it towards a more progressive and altruistic vision.