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?

  • MambabasaM
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    145 months ago

    You aren’t bourgeois until you don’t need to work to live (retirement doesn’t count because you’re living off your own dead labor). Interests on your monies are kinda rent, but if you can’t live off it, you aren’t an oppressor. At worst you’d be petty bourgeois, those who partially live off rents and labor of others but still have to work. Contrary to annoying Marxists, because the petty bourgeoisie still need to work to live, they’re still working class. You’re probably fine.

    Besides, even “pure” proletarians who supposedly only live off their labor (no such thing as a pure class condition BTW) the tools by which they labor off from (hammers, machines, etc.) are still crystallized dead labor because it was made by others. Everyone in society lives off the labors of others before them. What is despicable are those who live off expropriation, the owners.