Message from @Sh0t
Discord ID: 638378369221656576
*youre wrong*
so i dont give a shit if youre having an argument with someone on it
its uninformed
I wasn't really making a wrong or right statement there, i was more giving my opinion about the 'red line' between one or the other
and its an incorrect redline
ill prove it
suppose there exists 20 different "regions" in a country
it's pretty good. if the means of production(capital) aren't nationalized and if individuals can buy and sell shares in companies, etc, it's not reallya socialist country
and each region has a socially owned bank
there are at least 20 socially owned banks
socially owned can be in a gazillion forms, is a joint stock company considered 'socially owned'?
or a credit union
now in this system, you can have a stock market for the trade of securities between socially owned banks
if individuals can have property rights in stock, i think thats' the dividing line
socially owned as in, the people of that region have equal, or near equal, levels of shares in it
and they cannot sell the shares
it's not a technical argument, it's arbitrary but i think it represents a big difference since having property rights in stock versus not being able to have them is a big deal
but this is literally a socialist system which has a stock market
so....
youre wrong
that's a socialist govenrment pretending to have a stock market
how the fuck isnt a market of securities being openly traded by all banks not a "market of stocks"
its not a socialist govt
holy shit
these banks arent owned by the government
you said "they cannot sell the shares"
yes?
that's a big deal
it is
and its not govt owned shares
the banks arent government owned
theyre socially owned
whatever the arrangement is, if they can sell and 'dump it' they aren't really participating in a stock market
if they cant
and i said the people cant sell the shares they have of THEIR BANK
the shares of the stocks CAN BE SOLD
by the banks in question
that's what im talking about, in this case the bank is just a holding company, you can buy stock now in companies that also own stock
nothing unusual there
if you can't dump it, it's not a real stock market