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autotldr Bot ,

This is the best summary I could come up with:

The Met Police said information suggested activists from the Palestine Action group were intending to target the exchange on Monday,

The force said it was believed those involved were planning to cause damage and “lock on” in an effort to stop the building opening for trading.

It said it was in contact with other forces, including City of London Police, to ensure any further disruption could be dealt with.

A 31-year-old man from Liverpool was arrested on suspicion of conspiracy to cause criminal damage by officers from Merseyside Police in the early hours of Sunday.

“I’m grateful to the Express for their willingness to provide the information gleaned from their own investigation,” Det Supt Thomas said.

She said it was thanks to the “determined efforts” of the Met’s public order crime team and colleagues in Merseyside that officers “were able to identify, locate and arrest those we suspect to be involved in this plot”.

The original article contains 324 words, the summary contains 154 words. Saved 52%. I’m a bot and I’m open source!

tsonfeir ,
@tsonfeir@lemm.ee avatar

Fuck the market. These people are heroes.

etuomaala ,

What do you think about collective punishment?

tsonfeir ,
@tsonfeir@lemm.ee avatar

You’ll need to be more specific, I’m not sure what you’re asking.

etuomaala ,

Do you think it’s fine for these people to try to punish every major company in the entire UK for something only a handful of companies are doing? This is an example of collective punishment.

tsonfeir ,
@tsonfeir@lemm.ee avatar

Well, I think the stock market should be abolished entirely.

etuomaala ,

Interesting. In that case, well, two things:

  1. Why should the stock market be abolished? and
  2. Are there any good companies using the stock market? Some of these companies might actually agree with you that the stock market should be abolished, but are stuck with the system that is available to them. How should these companies cope with a sudden unannounced unplanned total stock market shutdown?
tsonfeir ,
@tsonfeir@lemm.ee avatar

No company had to go public. It’s just legalized gambling, but with dire impact on global economies.

I don’t have the answers to all of your questions, but that doesn’t mean I’m wrong.

etuomaala ,

It doesn’t mean you’re wrong, but it does change the way you fight it, Tson Feir. Innocent companies are trapped in the system you are trying to free them from, and you are opting for the financial equivalent of an Israeli air strike. For somebody who doesn’t want a dire impact on global economies, you sure seem to condone actions that will have a dire impact on global economies.

The stock market is not totally random. The value of stock is tied to the value of companies decently well, Gamestop-style fucketry notwithstanding.

My main problem with the stock market isn’t that it doesn’t work, or it’s too random. It is working as intended. The problem with it is that it allows control over a company to be bought and sold without the consent of the company’s employees. It is not slavery, because the employees can look for a job at another company if they don’t like the new owners. But, like, it’s also not not slavery. Disreputable people with, in their opinion, not enough money (cough cough Twitter), can sell their workers to other disreputable people with too much money (cough cough Musk). This is capitalism—its very definition. And it’s becoming a real problem.

Sensible countries have already begun putting the brakes on this madness. I believe Germany requires all companies above a certain size to be 40% owned by its employees, and other European countries have similar rules. I think that is a very good compromise. And nobody has to cyanoacrylate themselves to a stock market in order for this to happen.

tsonfeir ,
@tsonfeir@lemm.ee avatar

It’s all GameStop fuckery. It’s all about profit. I’m not talking about these silly day traders on YouTube but the hundreds of billions of dollars that can shift the economy. It’s disgusting. People get hurt either way.

etuomaala ,

Well, it’s all fuckery, but not all of it is of the GameStop variety. You should really read more about what happened with GameStop. Specifically, look for the words “short squeeze”.

tsonfeir ,
@tsonfeir@lemm.ee avatar

I know about GameStop.

It’s all fuckery. Every bit.

etuomaala ,

Well, I brought up GameStop because it’s an example of the stock market not working as intended. I’m saying the stock market usually works as intended. And it is intended as a means of buying and selling companies, their assets, liabilities, and crucially, their employees.

tsonfeir ,
@tsonfeir@lemm.ee avatar

I’m sure you did. The stock market is nothing more than legal gambling.

etuomaala ,

You’re saying it usually does not function properly as a means of buying and selling control over companies? Because Musk bought his first big piece of Twitter on the stock market. That’s an example of the stock market working as intended. I would argue that this is how the stock market usually works. This is not gambling. This is the purchase of a tangible asset.

tsonfeir ,
@tsonfeir@lemm.ee avatar

It does not function to improve the economy.

etuomaala ,

What do you mean by “improve the economy”?

tsonfeir ,
@tsonfeir@lemm.ee avatar

One where the benefits of economic growth are distributed broadly across society, allowing everyone to contribute to and benefit from economic prosperity.

etuomaala ,

You are describing what should be done with a powerful economy. Not how to create a powerful economy. Abolishing the stock market will not encourage wealth distribution. It will make the economy weaker, and could easily make wealth concentration worse.

The right move is to reform the stock market, imposing rules on company ownership. That’s why I brought up Germany. All companies in Germany above a certain size must be 40% owned by their employees.

tsonfeir ,
@tsonfeir@lemm.ee avatar

Agree to disagree. But I do like the part about Germany.

etuomaala ,

And I’m sure plenty of companies have regretted going public, and now, they’re stuck with it.

Ilovethebomb ,

Oh dear. One lesson the houthi and these guys are about to learn, is that you do not mess with international trade. You can interrupt and disrupt the lives of the plebiscite as much as you like, but international trade is sacrosanct.

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