Daily Shaarli

All links of one day in a single page.

August 4, 2020

PolitiFact | Is Black Lives Matter a Marxist movement?

it's another right-wing smear job to deligitimise what "may be the largest movement in U.S. history, as four polls suggest that about 15 million to 26 million people in the United States have participated in demonstrations"

The attack has been made in recent weeks by Rudy Giuliani, President Donald Trump’s personal lawyer; Ben Carson, Trump’s secretary of Housing and Urban Development; conservative talk show host Mark Levin; and PragerU, which has more than 4 million Facebook followers.

Black Lives Matter’s "emphatic support for gender identity politics sets it apart from historical Marxism," and the goals listed on its website "do not appear to be expressly anti-capitalist, which would arguably be a Marxist identifier," Berman added.

"I am fairly convinced these are mostly attempts to smear anti-racist activists. I think in some media, ‘Marxist’ is dog-whistle for something horrible, like ‘Nazi’, and thus enables to delegitimize/dehumanize them," Miriyam Aouragh, a lecturer at the London-based Westminster School of Media and Communication, told PolitiFact.

Black Lives Matter "is not an organization, but a fluid movement; it doesn’t actually matter if one of its founders was a liberal, Marxist, socialist or capitalist."

What's the kind of demographic which plays a game for a few hours and then moves on? : truegaming
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the market is almost 'littered' by games designed and marketed on the lines of instant gratification and dopamine boosts. It's no one's fault, it's the times we live in.

You Don't Need Alpha – Of Dollars And Data
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If you had beaten the market by 5% a year from 1960-1980, you would have made less money than if you had underperformed the market by 5% a year from 1980-2000.

many retail investors worship at the temple of alpha when they really should be praying for beta.

The Average Net Worth by Age and Education Level – Of Dollars And Data
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For example, for all households 35-44, the median net worth is ~$60,000. If you are a college-educated 35-44 with $100,000 you might feel a sense of entitlement at how good you are at managing your finances given you are so far above the median.

This is until you realize that the median college-educated 35-44 year old household has a net worth of $180,000.

Now, there is nothing wrong with being above or below the median, but, if you want to know if you are keeping up with the Joneses, make sure you have the right Joneses.

The Battle of the Bubbles
The Greatest Asset Bubble of All Time – Of Dollars And Data
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Japan is the winner for the greatest asset bubble of all time because of how well it scores on the three criteria (Market Cap, Price, and Recovery Time) relative to all other bubbles in market history.

To be precise, the Japanese stock market lost over $2 trillion and Japanese land values have declined by $8 trillion since the late 1980s/early 1990s.

More importantly, in the 30 years since the peak, both Japanese stocks and residential real estate have yet to recover.