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I generally like The Atlantic but this is a prime example of why no-one trusts the media anymore. This is why people turn to fake news. Because all news is now

I generally like The Atlantic but this is a prime example of why no-one trusts the media anymore. This is why people turn to fake news. Because all news is now fake news. When I read any content related to the economy it seems that anything that helps the poor and middle class get ahead is immediately branded as "evil, socialist marxist propaganda", but if it benefits the extremely wealthy (and helps exploit those under them) it's "good for the economy and country". Index funds are "worse than marxism"? Please. Even the prime embodiment of capitalism, Warren Buffett, recommends them, and have done so for years.

speedplane 6y ago
Can’t we just have biased media (like we do now), that makes their biased clear?
- akvadrako 6y ago
  Then there isn't much point in reading it. You can guess the conclusion, all the data provided is suspect and they'll ignore all arguments against their point. If it was setup as a kind of debate, maybe it would work.
gremlinsinc 6y ago
What's worse than marxism is capitalism. So, yeah sure they're right... Or just claiming "marxism" is bad itself is "bad". Authoritarian anything is bad, capitalism or communism. Both have killed millions and billions. So authoritarian marxism is bad, but index funds aren't that..so I don't even get where they're coming from. Non-statist or anarcho-communism has never been implemented much, but would be ideal, or resource-based economy, or some hybrid of anarcho-communism with capitalism... unions/co-ops creating dual power which holds capitalism in check. That's probably the best of all scenarios. It's highly possible with de-centralized companies and unions on blockchain tech, but not until it's more environmentally sound and the technology more advanced. I can't tell are they trying to scare marxists/socialists to invest in index funds or index fund investors who are "afraid" of socialism to divest their investments? Should a news agency really be pushing either of these agendas?

speedplane 6y ago

Can’t we just have biased media (like we do now), that makes their biased clear?

akvadrako 6y ago
Then there isn't much point in reading it. You can guess the conclusion, all the data provided is suspect and they'll ignore all arguments against their point. If it was setup as a kind of debate, maybe it would work.

gremlinsinc 6y ago

What's worse than marxism is capitalism. So, yeah sure they're right... Or just claiming "marxism" is bad itself is "bad". Authoritarian anything is bad, capitalism or communism. Both have killed millions and billions. So authoritarian marxism is bad, but index funds aren't that..so I don't even get where they're coming from. Non-statist or anarcho-communism has never been implemented much, but would be ideal, or resource-based economy, or some hybrid of anarcho-communism with capitalism... unions/co-ops creating dual power which holds capitalism in check. That's probably the best of all scenarios. It's highly possible with de-centralized companies and unions on blockchain tech, but not until it's more environmentally sound and the technology more advanced. I can't tell are they trying to scare marxists/socialists to invest in index funds or index fund investors who are "afraid" of socialism to divest their investments? Should a news agency really be pushing either of these agendas?