Late Stage Capitalism · 3 years ago

‘They couldn’t even scream any more. They were just sobbing’: the amateur investors ruined by the crypto crash (IMO they deserved it and only have themselves to blame)

theguardian.com

cross-posted to:
crypto@lemmy.ml

‘They couldn’t even scream any more. They were just sobbing’: the amateur investors ruined by the crypto crash (IMO they deserved it and only have themselves to blame)

theguardian.com

HiddenLayer5@lemmy.ml to

Late Stage Capitalism · 3 years ago

cross-posted to:
crypto@lemmy.ml

‘They couldn’t even scream any more. They were just sobbing’: the amateur investors ruined by the crypto crash

theguardian.com

Fuelled by hype and hysteria, the market in bitcoin and other cryptocurrencies went from an obscure niche to a $3tn industry. Then the house of cards collapsed

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Late Stage Capitalism

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A One-Stop-Shop for Evidence of our Social, Moral and Ideological Rot.

(It is also the official version of r/LateStageCapitalism/ on the Fediverse)

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News, discussion, memes, and links criticizing capitalism and advancing viewpoints that challenge the narratives which act as legitimations for the status quo of modern class society. Posts need not be about capitalism specifically, whether late-stage or otherwise; we simply aim to cater to a socialist audience.

We do allow links to threads and comments on Lemmy/Reddit, as long as they are relevant to the content guidelines and follow the rules. Use NP links, or your post will be deleted.

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This community has its roots in broad-based anti-capitalist thought, with an emphasis on Marxist concepts and analysis and a commitment to antiracism and inclusive feminism.

When it comes to proposed alternatives to Capitalism, it is the general consensus of this community that class-divisions and alienated labour must be abolished; production must be collectively organized by the laborers themselves for the direct benefit of all. We call this socialism.

Find out more here: The Principles of Communism

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Please note that Robert Reich or Bernie Sanders as liberals also fall under this rule.

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