Message from @Sh0t
Discord ID: 638383465125117963
so he has plenty of incentive to invest public money
what the fuck are you not understanding about multiple mandates
do you know what a fucking mandate is
a better way(much better way) to invest public money is just to spend the money on the projects the public wants
yes, that can be a mandate!
then there is no need for any other this stuff inbetween
but there is
you jsut give the money to DOT or whatever
and tell them to build roads
not gamble on stock market to get money to build roads
no but the world isnt just roads
unnecessary steps
we need organisations
industries
and part of this process involves exiting occasionally to pursue new goals
dot can spend the money at various contractors if they are trying to spread the economic activity around, etc
no need for any financialization
..........
there is a need for financialisation to some degree, because pecuniary incentives create incentives to grow and innovate
which is something i want
the government is not constrained by that, they can simple fund the contracts and tax the economic activity that results from building the infrastructure
and we're not gambling on the stock market to build roads
you realise a government STILL EXISTS
these public banks exist instead of private ones
sure, the gov existing makes this whole trip even less 'necessary'
no it doesnt though
this kind of stuff is how governments get in trouble. governments shoudl stick to what they do best, which is NOT operating on a profit/loss basis
the whole point of keeping a stock market and professional investors with pecuniary incentives is to keep the structure of society not only intact (historical skillsets are bad to dispel because of unemployment and civil unrest), but also for purposes of innovation and improvement of everyday products with monetary incentives
the incentives of government and taxation really don't support using that model
governments shouldnt operate on profit/loss bases, stop strawmanning this system
to take advantage of having a stock markets, etc, society needs many 'losers', and you dont want your gov fund being one of those and statistically, there is a good chance it will be
government exists SEPARATE to these public banks
and guess what, governments can bail shit out if they need to
they can nationalise shit
that's not a straw man, by putting public funds in these stock market playing banks, you are inviting in the profit /loss system
well if you can do that, why bother with this intermeditate unnecessary step
as i said above
just finance the project you want
tax the economic activity afterwards
but youve literally ignored ALL the reasons for this system by saying its unneccessary
youve addressed absolutely none of the reasons for why its good