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Intel is laying off over 15,000 employees and will stop ‘non-essential work’
(www.theverge.com)
this post was submitted on 01 Aug 2024
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So, buying opportunity?
"Here is more evidence that our system is fundamentally broken and doesn't serve the people who make it run anymore"
You: "How can I profit from this?"
You sound like a CEO in the making.
I mean, stock prices do go up after stuff like this. It's a reliable way to profit.
The system sucks, but this is literally how rich people turn money into more money, while we complain we don't have enough.
I may be a socialist, but I live in a capitalist dystopia, so sometimes I just exploit the system that exists instead of constantly taking the idealistic high road and getting kicked in the teeth for it.
Even Marx dabbled in the equities markets.
People seem to think having an economic philosophy is the same as having a moral philosophy. Absolutely not. If you look at a system and conclude "This is dysfunctional, it's leaking money everywhere" that doesn't preclude you from getting a sponge and mopping some of that money up.