Message from @Terry Arcona

Discord ID: 599123645654237186


2019-07-12 06:20:27 UTC  

not real capitalism

2019-07-12 06:20:36 UTC  

(i know, i know)

2019-07-12 06:20:58 UTC  

The only reason people don't do that now is anti monopoly laws otherwise they'd be more common.

2019-07-12 06:21:10 UTC  

(Still not arguing against it.. . once we moved to fiat currency... capitalism breaks.)

2019-07-12 06:21:11 UTC  

but in truth, we have changed the very basis of the mechanism that makes capitalism function

2019-07-12 06:21:32 UTC  

Derivatives destroy markets. Period

2019-07-12 06:21:39 UTC  

Besides the few that the govt doesn't crack down on

2019-07-12 06:21:42 UTC  

Only GOD should be able to create something from nothing

2019-07-12 06:21:44 UTC  

not banks

2019-07-12 06:21:45 UTC  

And this is true in An__CAP__, too.

2019-07-12 06:22:08 UTC  

@SageTheory a bigger richer company could do that but then more competition would arise

2019-07-12 06:22:19 UTC  

lol

2019-07-12 06:22:25 UTC  

and once derivatives were allowed, it became possible to PROFIT from the COLLAPSE/FAILURE of a company

2019-07-12 06:22:28 UTC  

And be absorbed by said monopoly.

2019-07-12 06:22:32 UTC  

that is the opposite of capitalism

2019-07-12 06:22:43 UTC  

it's exploitation, plain and simple

2019-07-12 06:22:48 UTC  

Which, again, we've seen repeatedly and is why anti-trust laws are needed.

2019-07-12 06:23:07 UTC  

They exist they need to be enforced

2019-07-12 06:23:14 UTC  

but anti-trusst laws won't help competitiion

2019-07-12 06:23:26 UTC  

they will only penalize monopolies

2019-07-12 06:23:28 UTC  

@SageTheory and despite the anti monopoly laws monopolies still formed and continue to form today

2019-07-12 06:23:29 UTC  

not always the same

2019-07-12 06:23:35 UTC  

They try to make the playing field more even, though.

2019-07-12 06:23:46 UTC  

yeah so did affirmative action

2019-07-12 06:23:49 UTC  

lol

2019-07-12 06:23:52 UTC  

we see how that works

2019-07-12 06:23:53 UTC  

Once again a select few and I'm not saying it's not a problem

2019-07-12 06:24:16 UTC  

Affirmative Action is equal outcome.

2019-07-12 06:24:16 UTC  

@Laucivol exactly, it's not real capitalism once fiat is introduced

2019-07-12 06:24:36 UTC  

well the problem is now, with the FED, it is more profitable to simply move money around than to actually PRODUCE, or SAVE/INVEST

2019-07-12 06:24:38 UTC  

First step is some how ween off of fiat.

2019-07-12 06:24:49 UTC  

How? Fuck. Wish I knew.

2019-07-12 06:24:54 UTC  

that only concentrates the wealth with those that HAVE money to move

2019-07-12 06:25:10 UTC  

not after 2008

2019-07-12 06:25:19 UTC  

quantative easing is through the roof

2019-07-12 06:25:23 UTC  

hence the trade war

2019-07-12 06:25:27 UTC  

I think that's where we agree as a whole.. fiat currency is diabolical .

2019-07-12 06:25:46 UTC  

but there IS a legitamate argument for it; liquidity

2019-07-12 06:25:54 UTC  

Can't work towards either ideal in this weather.

2019-07-12 06:26:07 UTC  

there has to be enough of it for everyone to be able to participate in the system

2019-07-12 06:26:18 UTC  

I'm saying ancaps would make it worse but all you want to tell me is that people are benevolent and would never do that because.... I dunno.... Competition for monopolies to destroy?