Stocks, Crypto & Exchange
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📰 Know what you own, and know why you own it. 🤝 ~ Peter Lynch | @Exchange
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📈 Analytical overview of Telegram channel Stocks, Crypto & Exchange
Channel Stocks, Crypto & Exchange in the English language segment is an active participant. Currently, the community unites 34 971 subscribers, ranking 6 824 in the Economy & Finance category.
📊 Audience metrics and dynamics
Since its creation on невідомо, the project has demonstrated rapid growth, gathering an audience of 34 971 subscribers.
According to the latest data from 08 September, 2024, the channel demonstrates stable activity. Although there has been a change in the number of participants by 0 over the last 30 days and by 0 over the last 24 hours, overall reach remains high.
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- Post reach: On average, each post receives 0 views. Within the first day, a publication typically gains 0 views.
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📝 Description and content policy
The author describes the resource as a platform for expressing subjective opinions:
“📰 Know what you own, and know why you own it. 🤝
~ Peter Lynch | @Exchange”
Thanks to the high frequency of updates (latest data received on 09 September, 2024), the channel maintains relevance and a high level of publication reach. Analytics show that the audience actively interacts with content, making it an important point of influence in the Economy & Finance category.
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Posts Archive
🔵 UNDERSTANDING FREE MARKET
▶️ The term “free market” is sometimes used as a synonym for laissez-faire capitalism. When most people discuss the “free market,” they mean an economy with unobstructed competition and only private transactions between buyers and sellers. However, a more inclusive definition should include any voluntary economic activity so long as it is not controlled by coercive central authorities.
▶️ Using this description, laissez-faire capitalism and voluntary socialism are each examples of a free market, even though the latter includes common ownership of the means of production. The critical feature is the absence of coercive impositions or restrictions regarding economic activity.
▶️ Coercion may only take place in a free market by prior mutual agreement in a voluntary contract, such as contractual remedies enforced by tort law.
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Repost from Proton Crypto | Investments
What is arbitrage trading?😕
Arbitrage is buying a security or asset in one market and simultaneously selling it in another market at a higher price, while making a profit. It is a way for traders to take advantage of the market.😎😎😎
On our channel I will try to teach you how to earn on the difference of cryptocurrencies on different exchanges and you will also learn the most current news in the world of cryptocurrencies.👇👇👇
🔵 IS SOCIALISM BETTER THAN CAPITALISM❓
▶️ This question is a matter of debate and political ideology. Capitalism has seen the greatest rise in wealth and standards of living in human history, accompanied by innovation and invention. However, capitalism, driven by fierce competition for profits and market share, has also been blamed for rising wealth disparities, social inequalities, alienation, exploitation, and the misery of the working class. Socialism, on the other hand, promises egalitarianism by returning the means of production to the laboring class. In doing so, wealth disparities are greatly minimized and society as a whole may flourish. However, collective ownership and less competition might put a damper on innovation and technological progress. Furthermore, people are often wary of giving up personal freedom (although it may benefit the greater good) as governments direct production and consumption choices.
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🔵 WHAT'S THE DIFFERENCE BETWEEN SOCIAL DEMOCRACY & DEMOCRATIC SOCIALISM❓
▶️ Social democracy is based on maintaining a capitalist economic system but blunting its excesses via regulation and addressing inequality with government-run social programs—in a sense, humanizing capitalism. Social democracies exist today in Denmark, Finland, Norway, and Sweden.
▶️ Democratic socialism has a vision of a society and economy that is democratic, not authoritarian, but in which individuals have more of a say than large corporations in how the economy is run. It is committed to finding ways to transform an economy from capitalism to socialism. As the website of the Democratic Socialists of America notes, "Our vision pushes further than historic social democracy and leaves behind authoritarian visions of socialism in the dustbin of history... We want to collectively own the key economic drivers that dominate our lives, such as energy production and transportation."
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🔵 PRIVATIZING A SOCIALIST ECONOMY
▶️ Some nationwide privatization efforts have been relatively mild, while others have been dramatic. The most striking examples include the former satellite nations of the Soviet Bloc after the collapse of the U.S.S.R. and the modernization of the post-Mao Chinese government.
▶️ The privatization process involves several different kinds of reforms, not all of them completely economic. Enterprises need to be deregulated and prices need to be allowed to flow based on microeconomic considerations; tariffs and import/export barriers need to be removed; state-owned enterprises need to be sold; investment restrictions must be relaxed; and the state authorities must relinquish their individual interests in the means of production. The logistical problems associated with these actions have not been fully resolved and several different theories and practices have been offered throughout history.
▶️ Should these transfers be gradual or immediate? What are the impacts of shocking an economy built around central control? Can firms be effectively depoliticized? As the struggles in Eastern Europe in the 1990s show, it can be very difficult for a population to adjust from complete state control to suddenly having political and economic freedoms.
▶️ In Romania, for example, the National Agency for Privatization was charged with the goal of privatizing commercial activity in a controlled manner. Private ownership funds, or POFs, were created in 1991. The state ownership fund, or SOF, was given the responsibility of selling 10% of the state's shares each year to the POFs, allowing prices and markets to adjust to a new economic process. But initial efforts failed as progress was slow and politicization compromised many transitions. Further control was given to more government agencies and, over the course of the next decade, bureaucracy took over what should have been a private market.
▶️ These failures are indicative of the primary problem with gradual transitions: when political actors control the process, economic decisions continue to be made based on noneconomic justifications. A quick transition may result in the greatest initial shock and the most initial displacement, but it results in the fastest reallocation of resources toward the most valued, market-based ends.
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🔵 TRANSITIONING FROM SOCIALISM
▶️ A nation needs to transfer the means of production to transition from socialism to free markets. The process of transferring functions and assets from central authorities to private individuals is known as privatization.
▶️ Privatization occurs whenever ownership rights transfer from a coercive public authority to a private actor, whether it is a company or an individual. Different forms of privatization include contracting out to private firms, awarding franchises, and the outright sale of government assets, or divestiture.
▶️ In some cases, privatization is not really privatization. Case in point: private prisons. Rather than completely ceding a service to competitive markets and the influence of supply and demand, private prisons in the United States are actually just a contracted-out government monopoly. The scope of functions that form the prison is largely controlled by government laws and executed by government policy. It is important to remember that not all transfers of government control result in a free market.
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🔵 HOW MIXED ECONOMIES DEVELOP
▶️ Mixed economies are still relatively young and theories around them have only recently been codified. "The Wealth of Nations," Adam Smith's pioneering economic treatise, argued that markets were spontaneous and that the state could not direct them, or the economy.
▶️ Later economists, including John-Baptiste Say, F.A. Hayek, Milton Friedman, and Joseph Schumpeter, would expand on this idea.
▶️ However, in 1985, political economy theorists Wolfgang Streeck and Philippe C. Schmitter introduced the term "economic governance" to describe markets that are not spontaneous but have to be created and maintained by institutions.
▶️ The state, to pursue its objectives, needs to create a market that follows its rules.
▶️ Historically, mixed economies have followed two types of trajectories. The first type assumes that private individuals have the right to own property, produce, and trade. State intervention has developed gradually, usually in the name of protecting consumers, supporting industries crucial to the public good (in fields like energy or communications), providing welfare, or other aspects of the social safety net. Most western democracies, such as the United States, follow this model.
▶️ The second trajectory involves states that evolved from pure collectivist or totalitarian regimes. Individuals' interests are considered a distant second to state interests, but elements of capitalism are adopted to promote economic growth. China and Russia are examples of the second model.
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🔵 CAN A COUNTRY BE BOTH SOCIALIST & CAPITALIST❓
▶️ While socialism and capitalism seem diametrically opposed, most capitalist economies today have some socialist aspects. Elements of a market economy and a socialist economy can be combined into a mixed economy. And in fact, most modern countries operate with a mixed economic system; government and private individuals both influence production and distribution.
▶️ Economist and social theorist Hans-Hermann Hoppe wrote that there are only two archetypes in economic affairs—socialism and capitalism—and that every real system is a combination of these archetypes. But because of the archetypes' differences, there is an inherent challenge in the philosophy of a mixed economy and it becomes a never-ending balancing act between predictable obedience to the state and the unpredictable consequences of individual behavior.
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🔵 SOCIALISM VS. COMMUNISM
▶️ Communism and socialism are umbrella terms referring to two left-wing schools of economic thought; both oppose capitalism, but socialism predates the "Communist Manifesto," an 1848 pamphlet by Karl Marx and Friedrich Engels, by a few decades. These are both economic philosophies that advocate for public ownership, particularly over the means of production and the distribution and exchange of goods in a society. Both philosophies run contrary to free market capitalism, which, they contend, exploits workers and creates a widening gap between rich and poor.
▶️ There are differences between socialism and communism, however. In fact, communism can be thought of as a strict and all-encompassing version of socialism. Under communism, all property is communally owned; private property doesn't exist. Under socialism, individuals can still own private property. Karl Marx predicted that a violent worker uprising against the middle and upper classes would bring about the communist state, whereas socialists tend to seek change and reform without overthrowing the prevailing social and political structure. And according to communist theory, workers should be given what they need, while under socialist theory, they are to be compensated for their level of contribution to the economy.
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🔵 SOCIALISM VS. COMMUNISM
▶️ Communism and socialism are umbrella terms referring to two left-wing schools of economic thought; both oppose capitalism, but socialism predates the "Communist Manifesto," an 1848 pamphlet by Karl Marx and Friedrich Engels, by a few decades. These are both economic philosophies that advocate for public ownership, particularly over the means of production and the distribution and exchange of goods in a society. Both philosophies run contrary to free market capitalism, which, they contend, exploits workers and creates a widening gap between rich and poor.
▶️ There are differences between socialism and communism, however. In fact, communism can be thought of as a strict and all-encompassing version of socialism. Under communism, all property is communally owned; private property doesn't exist. Under socialism, individuals can still own private property. Karl Marx predicted that a violent worker uprising against the middle and upper classes would bring about the communist state, whereas socialists tend to seek change and reform without overthrowing the prevailing social and political structure. And according to communist theory, workers should be given what they need, while under socialist theory, they are to be compensated for their level of contribution to the economy.
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