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?
Tbqh the only absolutely verboten thing to me would be becoming a landlord and charging market rates.
You’re very much in a “no ethical investment” situation in a capitalist country, so if you don’t want to exploit labor your choices are pretty limited beyond joining a commune somewhere.
I hope this does not come over as a gotcha or trick question, but why is being a landlord worse for you than owning share of a public corp like lets say Tesla or Apple?
You’re stealing someone’s paycheck just because you own something. You’re threatening them with homelessness too if you’re a landlord.
It’s even more than that in the current market. The current rapid increase in rents is not a natural supply and demand effect, it’s a result of the market being captured by what amounts to a price fixing racket enabled by programs like Yield Star. Parent company based in Texas, obviously.
The practice is being federally investigated in America but, ya know, good luck with that with this Supreme Court, when they get around to it in ten years.