@Vilhjalmyr Interesting breakdown, thanks for sharing!

North Korea best Korea.

@TMatthews We don't get to be the ones that change the meaning of words. Maybe when we have control over the media, but we just can't do that right now. Even in America, if you talk to any educated person about economics, corporatism refers to a system where employers and employees are sorted into interest groups based on sector and the state mediates negotiations between them to make sure each side is fairly represented.

I'm not trying to be condescending, I'm just saying what the facts are. The fact is, if we just change the meaning of words whenever we want to, it's going to sounds silly to educated people. I'm sorry if saying that comes off the wrong way, but that's just the truth, and it has to be said.

Historically, the great era of capitalism saw the development of monopolies or oligopolies in every major industry. Oil (Rockefeller), Steel (Carnegie), Railroads (Vanderbilt), Explosives (DuPont), Sugar (Domino) etc

i don't think you have bad reasoning @TMatthews , but i agree with earlier comment about definitions. you're using common tongue rather than economics facts

Yeah but what do you guys think about Bitcoin?

It's not even common tongue. The word "corporatism" is rarely used outside of economics discussions.

@Jacob Again, I have literally never had a single person argue my definition and I've discussed this in college economics courses. If it matters so much, fine, pick a different word, but corporatism is a logical choice when critiquing excessive corporate power

@Nerv - VA Juche gang here, who up?>

@ThisIsChris it's decent only because we can't undo globalism, and it's a global commodity. worth holding some, but i'd hold physical gold first

https://www.youtube.com/watch?v=EFof6s1O1mY @Nerv - VA

OK how about Monero?

@TMatthews Because most people don't have the energy to argue it. How often do you argue with someone when they say something that sounds silly to you?

i think you might be able to make some money if you understand fundamentals and trading technicals with other coins, but bitcoin seems the most robust @ThisIsChris

BTC / LTC is the gold & silver - with ETH being more like oil with higher volatility and utility as "gas" for Dapps

@Jacob I'm literally an econ major. I would respectfully disagree and bring up the definition if someone used a definition I didn't agree with. Ultimately, however, the "people only pretended to agree because they think you're too stupid to argue with" argument has no basis in reality

if corporatism can only exist with a state apparatus, then it's not even related to capitalism

Exactly, it isn't

@Jacob As I have said repeatedly, you can use a different term. In fact, if you have one, by all means let me know. For communicating with ordinary people though, corporatism works well in my experience.

Corporatism is closer to socialism

^

Can you have a socialist blockchain?

Capitalism cannot exist without the state either

that's not true at all lol

Ancap would inevitably evolve into warlords

capitalism is simply relational values, it has no implied rule structure at all

Capitalism requires a stable currency, backed by government. We can't go back to bartering in the modern economy

that's false

hm

I'm running a sentiment analysis on this chat right now

stable currency is a creation OF capitalism to increase fungibility and liquidity

seems the issue is becoming contentious

Capitalism above all requires private property. For it to work, you need the state to enforce property rights

maybe we can change topic

I wish I was able to make it to DR

👮🏻

How bout that sportsball game?

@TMatthews Well, ultimately I can't prove whether it does or doesn't work in your experience because I wasn't there. Obviously if you think it's working if you, then there's nothing I can do to stop you. I'll just say that there are very many people who know what that words means, and it's going to sounds stupid to them to just make up definitions.

That's all, it's probably not productive to discuss further than this.

yeah, what sports are going on now, just foot ball right?

oh yeah hockey too

some local IE people we're thinking of attending an Islanders game