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Big banks growing up around a central bank is not capitalism, it's financialism. Mandate that any fresh new currency be apportioned and distributed to only liv
by rustcleaner 24d ago
Big banks growing up around a central bank is not capitalism, it's financialism.
Mandate that any fresh new currency be apportioned and distributed to only living citizens, and a capitalism becomes possible again. As it stands now it's the money printers, and those adjacent, who hold the power.
Giving everyone fresh currency, and taxing those of significant wealth to sop up inflation (corporations and individuals), is how business entities get forced into serving the people again. As it stands now they serve those who have the ability to leverage the printing press, and that's not you or I.
Addendum: finance is not capital. Capital is the structures used to produce goods. Finance in our system is contractual trickery used to represent capital. To pull from Baudrillard: if capital is the land, finance is the map.
- squigz 24d ago> Mandate that any fresh new currency be apportioned and distributed to only living citizens > Giving everyone fresh currency, and taxing those of significant wealth to sop up inflation (corporations and individuals), is how business entities get forced into serving the people again. This doesn't really sound like capitalism, mate.
- eru 24d agoI don't agree with the mate's weird ideas, but capitalism is fairly adaptable and works reasonable well even in fairly weird systems. Have a look at eg Germany's social market economy.
- pjc50 24d agoThat is generally considered to be "less capitalist", precisely because less of life is in the market economy. Also since the Stasi Germans have been very twitchy about privacy, which fed downstream into GDPR.
- eru 24d agoI'm not sure we can blame the Stasi. Well, at least not blame them alone. West Germans were protesting and boycotting a census when East Germany was still her own country.