It serms incredible to me to give over a billion dollars to a random person.

  • Bondrewd@lemmy.world
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    1 year ago

    By that measure, playing the stock exchange is just an advanced version of lottery.

        • Uriel238 [all pronouns]@lemmy.blahaj.zone
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          1 year ago

          Not really. Dividends always include value stolen from the workforce and the end customer in low pay and shoddier quality as enforced via a policy of shareholder primacy.

          Anyone who hold stocks in a private company is stealing from the public.

            • A coffee can? A vault? In our agrarian economy, your extended family would take care of you in your geriatric years, but now because of the nuclear family we have to manage our own retirement (and suffer intergenerational mental illness).

              401Ks and such are the proffered substitutes, but in good times they depend on exploitation. In bad times (such as right after the 2008 subprime mortgage crisis) they collapse with the rest of the economy and the banks throw their customers to the elements.

              It’s a situation much like the US dependence on cars, since alternatives are dismantled or delayed, and regulations turn our urban areas into an untraversable sprawl. Cars are bad, but we’ve been systematically stripped of alternatives.

    • wombatula@lemm.ee
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      1 year ago

      It is, except for the way that money is derived from the labour of the workers, and the fact that you’re not likely to make lifestyle changing amounts of money without already having a significant amount of money to gamble in the first place.

      Not to mention the system is arguably much more “rigged” thanks to the major players in the scene, when you buy a lottery ticket you aren’t competing against giant corporations that spend millions on figuring out the best way to buy lottery tickets.

    • Cocodapuf@lemmy.world
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      1 year ago

      Well it’s like a lottery but with more variables and where better knowledge or analysis can mean some "players"are more likely to win than others. It’s inherently less fair than a lottery, which should be totally random.