Leverage Caution: Stocks vs. Property

of protest, a very legitimate and time-honored tactic of protest was to smash the machines. That was the first thing I learned. So it was a smart and accurate labor critique. The second thing that I learned was I learned that the luddites were not stopped because of the inevitability of technological progress. The luddites were not stopped because technology moves forward and they were in the past. No, they were stopped because England sent an army that basically occupied the territories they were involved in and killed them all. That's why they were, or shipped them to Australia as prisoners. That's why they were stopped. They were stopped because of state violence. I think that this is a really, really important thing for people to know that it's not that, you know, the technological progress is inevitable. It's that technological progress is backed by power and often by violence. And that's why it's adopted, something that's forced on people, these types of technologies that make their lives worse. And the truth is, for all of the amazing things that have happened since the luddites, people are still dying in sweatshops that make textiles all the time. We still haven't made a humane way to do it. And I've often thought about when people say, like, adopt or die. That's another thing a lot of these shills say. And what does it mean to adopt? What would it have meant for the luddites to adopt? What it would have meant is for them to work in sweatshops, right? For them to have been impoverished, to have given up their autonomy, to have given up the ability to work in their own homes, to have given up making money and have worked in horrific conditions. And perhaps not even that, because there's a lot of out of work, textile workers too. Like, there was no good thing where like the luddite grinds and has good grinds set. And then he learns the textile machine. And I don't know, he has some sort of like, andrutate superstar life. That's not how it works, right? The actual thing that people mean when they say adopt is they mean cement.

034 | The Stock Series Part 2 | JL Collins

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