I've seen these kind of things. The wealthy do fund and profit off war. They profit off any major event, really. It's a lack of morals, but it's nothing unique. A lot of poor people do the same but their gains are proportionately lower.
Hell, your pension fund probably profits off war. I know someone who made big money buying ADRs of Israeli defense companies after October 7th.
I don't buy defense stocks. Profiting off male deaths is awful.
Back to my original point...how on earth would a banking system without interest work? Every logical implementation turns finance into a popularity contest where only those popular in the community get funding.
You should give it a watch when you get some free time
Wealth accumulates + the wealthy not only take advantage of crisis but the truly wealthy organize crisis = the true power is held in those who hold the oldest wealth
Good stance to take on war-profiteering
Perhaps the future isn’t one of bankers and debt-slaves, renters and rentiers, but something else. This is a monumentally important subject.
There's no way for the financial system to function without interest, credit scores etc without becoming a popularity contest. 2008 showed what happens when you ignore credit scores and treat every lending offer as the same.
All wars are banker’s wars
https://communities.win/c/KotakuInAction2/p/17t1yIErpL/old-news-for-some-perhaps-a-miss/c
I've seen these kind of things. The wealthy do fund and profit off war. They profit off any major event, really. It's a lack of morals, but it's nothing unique. A lot of poor people do the same but their gains are proportionately lower.
Hell, your pension fund probably profits off war. I know someone who made big money buying ADRs of Israeli defense companies after October 7th.
I don't buy defense stocks. Profiting off male deaths is awful.
Back to my original point...how on earth would a banking system without interest work? Every logical implementation turns finance into a popularity contest where only those popular in the community get funding.
Few things in no particular order:
You should give it a watch when you get some free time
Wealth accumulates + the wealthy not only take advantage of crisis but the truly wealthy organize crisis = the true power is held in those who hold the oldest wealth
Good stance to take on war-profiteering
Perhaps the future isn’t one of bankers and debt-slaves, renters and rentiers, but something else. This is a monumentally important subject.
Again, you're avoiding the issue I brought up...
There's no way for the financial system to function without interest, credit scores etc without becoming a popularity contest. 2008 showed what happens when you ignore credit scores and treat every lending offer as the same.
Like I said, maybe it doesn’t involve bankers