• IninewCrow@lemmy.ca
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    1 day ago

    This just shows how dumb our entire world is … that a single man could win or lose so much imaginary money in a single moment, just because enough of us collectively willed it.

    It’s another example of why I see modern finances, stock markets and ultra wealth as just our modern day religion.

    It’s like ancient civilizations … Babylonians, Sumarians, Egyptians … we look back at their cultures and see them as backwards for believing in sun gods, god kings and divine entitlements

    We’re doing the same thing, we just call it the ‘stock markets’, ‘investments’, ‘corporations’ … and it all only exists because enough of us believe in it. And just like the ancient cultures, if enough people stop believing in it … then it means nothing and it loses all its power.

    • OwOarchist@pawb.social
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      1 day ago

      Even a lot of actual money is just imaginary numbers on a computer somewhere, not actually represented even by physical currency – bills and coins – anywhere. Not even silly little slips of paper, just numbers on a computer.