cross-posted from: https://slrpnk.net/post/5944604
Hey I am currently in the privileged position to think about what I do with the money I saved as an emergency fund. Do I put it in an account that gets interest so less gets lost to inflation?
But from my understanding the bank can only pay that interest because they loaned the money to someone that uses it to exploit people labor or extracts rent from them etc.
Where I live saving for retirement is currently not that big of a thing because its something the state manages, but what do folks do that dont have that?
Should anarchists buy stocks or what else should they do with money that exceeds their safety needs?
The problem with buying and owning stocks is that it’s set up in a way where the owning class always benefits more than you do. Obviously you have to take care of yourself but that’s going to be a contradiction hanging over your head at all times.
In an ideal world we wouldn’t have to participate in the capitalist economy at all, so do what you can to get us to that future.