During the time of Marx, the bourgeoisie was keeping the proletariat down. They directly owned the means of production, since Soviet Russia did not have a stock market.
Now in the US, the bourgeoisie has become smaller and less influential. They no longer own the means of production due to selling shares.
Our oppressors are the aristocrats. They sit on the boards with majority power, giving direction without directly running the businesses.
What?! The bourgeoisie is the owning class of the means of production. They exploit labour and are the primary enemy of the working classes of this world
EDIT: aristocrats are a feature of feudalism and it’s remnants
Right. And what class is running Blackrock, Vanguard, State Street and the like that sit on the board with majority ownership of every bourgeoisie run business in the US? The wealthiest people in the nation.
The bourgeoisie is being leveraged against the proletariat by the aristocrats/plutocrats through stock ownership. The bourgeoisie no longer own or control their own businesses in the US.
You’re using class terminology in a way that doesn’t conform to any leftist current and this deliberately confuses the conversation. Furthermore, the bourgeoisie are the class that owns Blackrock, Vanguard, etc. You are using Petite Bourgeoisie to refer to Bourgeoisie.
Even in Marx’s time, there was stock speculation, he even won money on the stock market on occasion. The Bourgeoisie are owners of Capital, this includes large financial and stock Capital as well. The subsection of the bourgeoisie that faces proletarianization is the Petite Bourgeoisie.
“I have, which will surprise you not a little, been speculating — partly in American funds, but more especially in English stocks, which are springing up like mushrooms this year (in furtherance of every imaginable and unimaginable joint stock enterprise), are forced up to quite an unreasonable level and then, for the most part, collapse. In this way, I have made over £400 and, now that the complexity of the political situation affords greater scope, I shall begin all over again. It’s a type of operation that makes demands on one’s time, and it’s worth while running some risk in order to relieve the enemy of his money.”
-Karl Marx, 1864.
This isn’t about the RTS, but about stock ownership.
that’s not the Marxist definition most leftists use
During the time of Marx, the bourgeoisie was keeping the proletariat down. They directly owned the means of production, since Soviet Russia did not have a stock market.
Now in the US, the bourgeoisie has become smaller and less influential. They no longer own the means of production due to selling shares.
Our oppressors are the aristocrats. They sit on the boards with majority power, giving direction without directly running the businesses.
More like plutocrats. Aristocrats would be the nobel left after the fall of monarchies. Plutocrats are the rich corporate elite.
Or just go with the umbrella term: Oligarchs.
Fair. We still agree that our enemy is not the bourgeoisie. They’re becoming more of the proletariat every year.
https://www.pewresearch.org/race-and-ethnicity/2024/05/31/the-state-of-the-american-middle-class/
What?! The bourgeoisie is the owning class of the means of production. They exploit labour and are the primary enemy of the working classes of this world
EDIT: aristocrats are a feature of feudalism and it’s remnants
Right. And what class is running Blackrock, Vanguard, State Street and the like that sit on the board with majority ownership of every bourgeoisie run business in the US? The wealthiest people in the nation.
The bourgeoisie is being leveraged against the proletariat by the aristocrats/plutocrats through stock ownership. The bourgeoisie no longer own or control their own businesses in the US.
You’re using class terminology in a way that doesn’t conform to any leftist current and this deliberately confuses the conversation. Furthermore, the bourgeoisie are the class that owns Blackrock, Vanguard, etc. You are using Petite Bourgeoisie to refer to Bourgeoisie.
So the wealthiest people in the nation are the bourgeoisie according to Marx? Do you have a source?
Even in Marx’s time, there was stock speculation, he even won money on the stock market on occasion. The Bourgeoisie are owners of Capital, this includes large financial and stock Capital as well. The subsection of the bourgeoisie that faces proletarianization is the Petite Bourgeoisie.
You’d do well to read Imperialism, the Highest Stage of Capitalism.
You didn’t answer my question, and now I have another.
How did he invest in stocks if there wasn’t a Soviet stock system? Russia created the RTS (Russian Trading System) in 1995.
“I have, which will surprise you not a little, been speculating — partly in American funds, but more especially in English stocks, which are springing up like mushrooms this year (in furtherance of every imaginable and unimaginable joint stock enterprise), are forced up to quite an unreasonable level and then, for the most part, collapse. In this way, I have made over £400 and, now that the complexity of the political situation affords greater scope, I shall begin all over again. It’s a type of operation that makes demands on one’s time, and it’s worth while running some risk in order to relieve the enemy of his money.”
-Karl Marx, 1864.
This isn’t about the RTS, but about stock ownership.