Marxists/Socialist.... why are you into finance if you are against capitalism?

AngryBallCoach's picture
Rank: Baboon | 174

Self explanatory title.

If you are a Leftist, SJW, someone that believes in Marxist ideals or someone who believes in "YOUR Version" of Socialism... how could you work for an "evil corporation"?

Short of saying you are the Leftist equivalent of Ron Swanson from Parks and Rec... isn't it a little hypocritical to spend your entire college career bashing corporations/capitalism and demanding government regulations; yet you are going to apply to Goldman Sachs to "make the rich richer" ?

Comments (64)

May 17, 2017

to make money?

May 18, 2017

*hypocritically making money

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May 18, 2017

We all gotta eat, some just have a bigger appetite.

May 18, 2017

Because I want to fit in

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May 18, 2017

the simple answer is that few people have integrity in their beliefs.

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May 18, 2017

BINGO!!!

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May 18, 2017

Banking is a surprisingly "anti-capitalist" career.
Think about it. It's one of the only almost risk-free path to become rich by one's own work. You don't need to be born rich to be a rich banker. You don't need to have a 1-in-a-million business idea. You don't need to be a trust fund baby.
You just need to follow the very explicit rules (go to a target, have a great GPA, work on your technicals, network). You just need to work. Anyone could become a rich banker if they knew what the rules were and were smart enough/dumb enough to follow them.

So I guess I don't understand why the public opinion is bashing someone like Macron for being a banker when he was just the son of small-time doctors in the middle of bumblefuck nowhere in France. Trump should get much more hate for being born rich and thinking that a "1-million dollar" loan to start his career is nothing.

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May 18, 2017

Banking is also heavily relying on government and public policies

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May 18, 2017

You have this backwards. In commie Russia, your connections and loyalties determined your success and level of comfort. To make it into proper society in the West used to require you to have a sponsor of some sort. American capitalism is the idea that the common man can pull himself up in society by his bootstraps.

It's flawed, because having a sponsor still is the best way, as bootstrapping is very outdated where there is much more structured systems in our country's developed position (I.e. you can no longer pull resources out of unchartered territory to sell just by being diligent). Ivy League schools or personal connections are the sponsors today, where poor kids have the opportunity to be included in higher society, generally no matter their socioeconomic start.

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May 18, 2017

SOCIALISM DOES NOT EQUAL MARXISM. For example Germany was socialist in WW2, it was part of the Nazi acronym, and they hated all communists.

May 18, 2017
<span itemprop=name>Monkeyrella</span>:

Banking is a surprisingly "anti-capitalist" career.Think about it. It's one of the only almost risk-free path to become rich by one's own work. You don't need to be born rich to be a rich banker. You don't need to have a 1-in-a-million business idea. You don't need to be a trust fund baby.You just need to follow the very explicit rules (go to a target, have a great GPA, work on your technicals, network). You just need to work. Anyone could become a rich banker if they knew what the rules were and were smart enough/dumb enough to follow them.

So I guess I don't understand why the public opinion is bashing someone like Macron for being a banker when he was just the son of small-time doctors in the middle of bumblefuck nowhere in France. Trump should get much more hate for being born rich and thinking that a "1-million dollar" loan to start his career is nothing.

Yeah, Venezuela has a booming banking sector...

May 18, 2017

+SB'ed.

Communism and socialism are different though. Communism and marxism are what we see in Venezuela and the USSR. Socialism (without communism) is what we see in France, or the UAE (for their citizens alone). Communist governments are inherently dictatorships because once they are in power, they tend to stifle out the rest. Socialists are just inept governors.
Want a commie country not socialist? China, where capitalism runs bountifully amok.

GoldenCinderblock: "I keep spending all my money on exotic fish so my armor sucks. Is it possible to romance multiple females? I got with the blue chick so far but I am also interested in the electronic chick and the face mask chick."

Best Response
May 18, 2017

Socialism to get the chicks

Banking to get the cheques.

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May 18, 2017

so like "virtue" signaling in beta male "feminists"?

May 19, 2017

I am a beta male, though not a beta male feminist, thankfully.

May 18, 2017
May 18, 2017

I miss that thread

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May 18, 2017
<span itemprop=name>techjobsyankee</span>:

Socialism to get the chicks

Banking to get the cheques.

Wow, much fancy. So eloquence.

GoldenCinderblock: "I keep spending all my money on exotic fish so my armor sucks. Is it possible to romance multiple females? I got with the blue chick so far but I am also interested in the electronic chick and the face mask chick."

May 19, 2017

Compensates for my overall betaness.

May 18, 2017

Yup. Markets don't exist in 'socialist' countries like France and Germany. No companies to invest in there folks.

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May 18, 2017

Exactly these stupid college "conservatives" who post here don't realize that we already live in a socialist country, it's just a matter of degree. Capitalism exists in a market socialist system, it just helps to mitigate the punishment dealt to economic losers. It limits how much you can win to a degree, but the stakes are lower because you don't have to worry as much about being homeless and bankrupt with no medical coverage.

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May 18, 2017

I never said we don't live in a regulated economy.

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May 18, 2017

I never claimed that they don't.

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May 18, 2017

The overarching point is that if you look at global economies, "left wing"/"socialist" viewpoints are held by business people all over the world. Clearly, it's not an absurd set of views to have given that so many people globally have them. Americans just seem to have a perverse view of what is a "liberal SJW commie" view and what is a "conservative" view.

Anyway, trying to hold people to a litmus test of their views is a logical fallacy. People can advocate for policies that advance a path towards their version of an ideal society while still engaging in behavior that technically hampers that path. Just because you believe that climate change is real and will have disastrous consequences does not mean you are some kind of hypocrite for not driving a hybrid. Hybrids are more expensive. Everyone is just trying to get by given the hand they were dealt. Only engaging in behavior that is consistent with your ideology is expensive, both economically and socially.

My personal view as a liberal and democrat is that in order to be an agent of change in a system, I have to be a part of it. I have no interest in a Bernie Sanders "revolution". I believe that the best and most sustainable way of improving the economy such that it is more economically and socially just is by integrating myself into the economy and doing my small part to help push it in the right direction. There are, of course, many liberals who reject this idea and refuse to work at for-profit companies due to the many societal ills that are created by capitalists. I don't really blame them for holding this view but I don't see it as the most productive use of their efforts.

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Aug 1, 2017

I feel like the words capitalism and socialism are taken for their literal senses, whereas we should take them in their more Canadian context. Canada, where I'm from, has aspects from socialism and capitalism in its economy and that is probably what makes its strength. Both capitalism and socialism taken to their extremes will probably amount to a great amount of hardship for the poor.

I'm a 'Berniecrat' and I do want to pursue a career in IB and painting all Bernie supporters as people who wants to nationalize all industries is unfair. Working at Goldman Sachs or any other bank doesn't impede my belief that healthcare should be free for all and covered by the gov't or that business aren't taxed enough and workers aren't being paid a living wage. Of course, both don't go together hand in hand but they aren't mutually exclusive. Most bernie supporters don't advocate the nationalisation of all industries and saying otherwise is dishonest. At the end of the day, I believe it's more our political vote that counts more than where we work.

May 18, 2017

Because anyone who attacks life's problems from a purely binary perspective and uses terms like "commie", "SJW", "alt-right", "fascist" to describe themselves or others is a fucking retard.

...Plus the man ain't never bounced one of my checks yet.

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May 18, 2017

If you consider centrist democrats as "leftist", then the majority of people you meet on Wall Street will be considered as such. And I think you'd be hard pressed to prove any of them were being hypocritical. Shocking as it is for so many, these things have nuance.

If you just mean socialists, not sure I've met more then a couple of those on the street. And all of them were basically just "to get in and get out so I set myself up for the future".

May 18, 2017
<span itemprop=name>AllDay_028</span>:

If you consider centrist democrats as "leftist", then the majority of people you meet on Wall Street will be considered as such. And I think you'd be hard pressed to prove any of them were being hypocritical. Shocking as it is for so many, these things have nuance.

If you just mean socialists, not sure I've met more then a couple of those on the street. And all of them were basically just "to get in and get out so I set myself up for the future".

Are you kidding? WSO is riddled with literal socialists--people in or trying to get into Wall Street finance.

May 18, 2017
<span itemprop=name>Dances with Dachshunds</span>:

AllDay_028:If you consider centrist democrats as "leftist", then the majority of people you meet on Wall Street will be considered as such. And I think you'd be hard pressed to prove any of them were being hypocritical. Shocking as it is for so many, these things have nuance.If you just mean socialists, not sure I've met more then a couple of those on the street. And all of them were basically just "to get in and get out so I set myself up for the future".

Are you kidding? WSO is riddled with literal socialists--people in or trying to get into Wall Street finance.

This comment makes certain you don't know what socialism, as a philosophy, actually entails. Advocating for single payer healthcare does not even come close to making someone a socialist (and it isn't socialism, despite conservatives love for calling it that), for instance, yet i'm certain a lot of the kids on here think it does.

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May 19, 2017

Hey, nothing keeps the riffraff away quite the same as spending time with the champagne socialists

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May 21, 2017
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May 22, 2017