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?
Investing or saving up with money is generally a bad idea. It’s like a casino: the bank always wins. If you can find a way to invest in a practical thing instead, that’s probably preferable.
That said, some banks offer investments that are earmarked for a specific purpose, like for example renewable energy. I did that for a while, and I feel that in sum it was probably OK to do so. I didn’t get much interest on it either though.