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this post was submitted on 28 Jun 2024
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politics
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Is a full on fascist dictatorship the “status quo” now? Surprised billionaires would be behind this.
Fascism is great for any buisness that is already established. These people are already buying off the government, they're not the little guys who could be taken over by a fascist government, they're the ones pulling the strings.
Fascism is actually terrible for capitalism in general though. Not that billionaires are smart enough to understand that.
So is oligarchy, the invisible hand, if it ever did exist, clearly no longer does if the market movements are determined by insider information and government bribes, I mean lobbying. Innovation is constantly stifled when that innovation costs rich people potential profit. Stock brokers shut down their consumer apps when those consumers invest in ways they threaten large hedge funds. Capitalists are about as good at following their dogma as Evangelical Christians.
Only an ~~idiot~~ unwise person would use their phones to make stock trades.
You realize most consumer level brokers have apps right? The vast majority of Americans have retirement and other investments with brokers that have apps. You don't seriously expect me to believe that inherently makes it dumb.
I'm not calling you dumb and I'm sorry I sounded that way. I would never access any financial accounts on a phone or have any financial phone apps because of the gigantic risk. And I would never make any trade that requires another human to confirm my trade. And I would certainly never let any 'broker' access to my investments.