You’re using class terminology in a way that doesn’t conform to any leftist current and this deliberately confuses the conversation. Furthermore, the bourgeoisie are the class that owns Blackrock, Vanguard, etc. You are using Petite Bourgeoisie to refer to Bourgeoisie.
Even in Marx’s time, there was stock speculation, he even won money on the stock market on occasion. The Bourgeoisie are owners of Capital, this includes large financial and stock Capital as well. The subsection of the bourgeoisie that faces proletarianization is the Petite Bourgeoisie.
“I have, which will surprise you not a little, been speculating — partly in American funds, but more especially in English stocks, which are springing up like mushrooms this year (in furtherance of every imaginable and unimaginable joint stock enterprise), are forced up to quite an unreasonable level and then, for the most part, collapse. In this way, I have made over £400 and, now that the complexity of the political situation affords greater scope, I shall begin all over again. It’s a type of operation that makes demands on one’s time, and it’s worth while running some risk in order to relieve the enemy of his money.”
-Karl Marx, 1864.
This isn’t about the RTS, but about stock ownership.
That’s not owning the means of production of his own people. You’re altering perspective to match your system.
In the US, the wealthiest class are the oppressors. They own means of production through stock ownership or connections to Blackrock, State Street, Vanguard, etc. The middle class may have some local control in small scale, but corporate America is owned by the 1%.
The bourgeoisie are not the middle class, but the wealthiest 1%. The Petite Bourgeoisie are the middle class. The Bourgeoisie used to be the middle class until they collaborated with the proletariat and petite bourgeoisie to overthrow the aristocracy.
You’re using class terminology in a way that doesn’t conform to any leftist current and this deliberately confuses the conversation. Furthermore, the bourgeoisie are the class that owns Blackrock, Vanguard, etc. You are using Petite Bourgeoisie to refer to Bourgeoisie.
So the wealthiest people in the nation are the bourgeoisie according to Marx? Do you have a source?
Even in Marx’s time, there was stock speculation, he even won money on the stock market on occasion. The Bourgeoisie are owners of Capital, this includes large financial and stock Capital as well. The subsection of the bourgeoisie that faces proletarianization is the Petite Bourgeoisie.
You’d do well to read Imperialism, the Highest Stage of Capitalism.
You didn’t answer my question, and now I have another.
How did he invest in stocks if there wasn’t a Soviet stock system? Russia created the RTS (Russian Trading System) in 1995.
“I have, which will surprise you not a little, been speculating — partly in American funds, but more especially in English stocks, which are springing up like mushrooms this year (in furtherance of every imaginable and unimaginable joint stock enterprise), are forced up to quite an unreasonable level and then, for the most part, collapse. In this way, I have made over £400 and, now that the complexity of the political situation affords greater scope, I shall begin all over again. It’s a type of operation that makes demands on one’s time, and it’s worth while running some risk in order to relieve the enemy of his money.”
-Karl Marx, 1864.
This isn’t about the RTS, but about stock ownership.
That’s not owning the means of production of his own people. You’re altering perspective to match your system.
In the US, the wealthiest class are the oppressors. They own means of production through stock ownership or connections to Blackrock, State Street, Vanguard, etc. The middle class may have some local control in small scale, but corporate America is owned by the 1%.
The bourgeoisie are not the middle class, but the wealthiest 1%. The Petite Bourgeoisie are the middle class. The Bourgeoisie used to be the middle class until they collaborated with the proletariat and petite bourgeoisie to overthrow the aristocracy.
What nation are we talking about? That’s hardly true in the US.
It’s absolutely true of the US. Stock owners are also bourgeoisie.