this post was submitted on 20 Jan 2024
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Anarchism and Social Ecology

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Anarchism

Anarchism is a social and political theory and practice that works for a free society without domination and hierarchy.

Social Ecology

Social Ecology, developed from green anarchism, is the idea that our ecological problems have their ultimate roots in our social problems. This is because the domination of nature and our ecology by humanity has its ultimate roots in the domination humanity by humans. Therefore, the solutions to our ecological problems are found by addressing our social and ecological problems simultaneously.

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~ Murray Bookchin

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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?

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[–] poVoq@slrpnk.net 12 points 8 months ago

Investing or saving up with money is generally a bad idea. It's like a casino: the bank always wins. If you can find a way to invest in a practical thing instead, that's probably preferable.

That said, some banks offer investments that are earmarked for a specific purpose, like for example renewable energy. I did that for a while, and I feel that in sum it was probably OK to do so. I didn't get much interest on it either though.