Message from @Mr. Nessel

Discord ID: 697752829540171787


2020-04-09 10:13:02 UTC  

Afaik Ricardo was even a Sephardic tribal and son of a stockbroker

2020-04-09 10:13:38 UTC  

I don't buy Adam Smith's critique of mercantilism

2020-04-09 10:13:48 UTC  

Nor Ricardo's developed model of it

2020-04-09 10:14:38 UTC  

Mercantilism was wrong to assert that wealth is simply hoarding more gold inside your country by not importing stuff and that's about it regarding the valid criticism

2020-04-09 10:14:58 UTC  

In practice mercantilism helped develop various industries in countries

2020-04-09 10:15:03 UTC  

Clearly we must support the most obsolete economic theory of Bullionism

2020-04-09 10:15:29 UTC  

Speaking of which

2020-04-09 10:15:45 UTC  

Once industry develops, would free trade then be beneficial after that or should tariffs stay?

2020-04-09 10:16:38 UTC  

No it's better to keep the tariffs unless you definitely want to get rid of an industry to free up manpower for something else

2020-04-09 10:16:59 UTC  

You shouldn't at all remove industrial tariffs if there's an abundance of labour

2020-04-09 10:17:25 UTC  

Though even a shortage of labour could be good

2020-04-09 10:17:33 UTC  

Because it'd incentivize automation

2020-04-09 10:18:18 UTC  

If I recall, the only reliably nationalist business entities are normally those dependent to the reactionary state for its survival, like those who need tariffs, or perhaps subsidies.

2020-04-09 10:18:53 UTC  

You basically should treat corporations as fiefdoms and enforce their fidelity to the state

2020-04-09 10:19:03 UTC  

They're institutions unto themselves

2020-04-09 10:19:24 UTC  

You shouldn't let institutions be dominated by foreigners or subversives

2020-04-09 10:19:34 UTC  

Basically what China does

2020-04-09 10:19:37 UTC  

Keep them on a short leash

2020-04-09 10:20:05 UTC  

If Jack Ma decided to get uppity we'd see Ali Baba and whatnot get new leadership quickly

2020-04-09 10:20:32 UTC  

If the Communist Party of China just disappears magically, do you think all the big business enterprises of China will become strong supporters of more economic liberalization?

2020-04-09 10:20:38 UTC  

Afaik when a factory produced faulty baby formula and it lead to deaths the entire corporate board and even some workers got executed

2020-04-09 10:21:29 UTC  

Idk how further economic liberalization in China would look like

2020-04-09 10:21:42 UTC  

I could see them supporting a neoliberal democracy

2020-04-09 10:21:52 UTC  

But it could also end similiar to Russia

2020-04-09 10:22:07 UTC  

Since a shitton of corporations are state owned and would be privatized

2020-04-09 10:22:10 UTC  

Unsurprisingly, due to the Coronavirus, some are calling this the beginning of the death of the CCP, unsure whether or not this is accurate but I always speculate what will happen if the CCP dies.

2020-04-09 10:23:13 UTC  

The CCP atm is on a trajectory towards more centralization and autocracy
Unless Xi Jingping drops dead I doubt it'll just die

2020-04-09 10:23:51 UTC  

One party states sometimes have a tendency to become more democratic though so if he does go away it's an open question

2020-04-09 10:24:56 UTC  

I'm actually hoping that democratic dissidents cause another Xinhai type situation in China to kickstart another warlord era

2020-04-09 10:25:00 UTC  

That'd be ideal

2020-04-09 10:25:11 UTC  

In matters of Economics I am torn between something leaning towards a Decentralized Planned Economy vs Economic Dirigisme. Depending on the mood I lean towards the former if I really feel distrustful of mercantile interest and I lean towards the latter if I think some forms of effective production would be of great importance. Maybe a mixture of both depending on area perhaps.

2020-04-09 10:26:22 UTC  

I think it's important to not alienate corporate interests too much but to integrate them into the system if they play nice

2020-04-09 10:26:56 UTC  

It's important to be clear that corporate shenanigans will be reigned in but not go too far

2020-04-09 10:27:15 UTC  

There could be upsides for them too say through public contracts and whatnot

2020-04-09 10:27:57 UTC  

Generally corporate executives are those you put even more levels of surveillance over in contrast to even your own regular state officials.

2020-04-09 11:21:59 UTC  

@ManDefault36 I'm the fake Endeavour. The real Endeavour was a 18th century Ship in the Royal Navy.

2020-04-09 11:22:35 UTC  

kek

2020-04-09 12:03:52 UTC  

Just posting it for information and safety sake taken our current situation. If you live in ex soviet block or are just cheapskate this little thing is a God sent.
https://youtu.be/OuX8PSfic_g

2020-04-09 14:17:41 UTC  

@Endeavour and all this time I thought a ship was making YouTube videos

2020-04-09 14:17:47 UTC  

😔