Message from @Terry Arcona
Discord ID: 599123645654237186
not real capitalism
(i know, i know)
The only reason people don't do that now is anti monopoly laws otherwise they'd be more common.
(Still not arguing against it.. . once we moved to fiat currency... capitalism breaks.)
but in truth, we have changed the very basis of the mechanism that makes capitalism function
Derivatives destroy markets. Period
Besides the few that the govt doesn't crack down on
Only GOD should be able to create something from nothing
not banks
And this is true in An__CAP__, too.
@SageTheory a bigger richer company could do that but then more competition would arise
lol
and once derivatives were allowed, it became possible to PROFIT from the COLLAPSE/FAILURE of a company
And be absorbed by said monopoly.
that is the opposite of capitalism
it's exploitation, plain and simple
Which, again, we've seen repeatedly and is why anti-trust laws are needed.
They exist they need to be enforced
but anti-trusst laws won't help competitiion
they will only penalize monopolies
not always the same
They try to make the playing field more even, though.
yeah so did affirmative action
lol
we see how that works
Once again a select few and I'm not saying it's not a problem
Affirmative Action is equal outcome.
@Laucivol exactly, it's not real capitalism once fiat is introduced
well the problem is now, with the FED, it is more profitable to simply move money around than to actually PRODUCE, or SAVE/INVEST
First step is some how ween off of fiat.
How? Fuck. Wish I knew.
that only concentrates the wealth with those that HAVE money to move
not after 2008
quantative easing is through the roof
hence the trade war
I think that's where we agree as a whole.. fiat currency is diabolical .
but there IS a legitamate argument for it; liquidity
Can't work towards either ideal in this weather.
there has to be enough of it for everyone to be able to participate in the system
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?