Message from @Terry Arcona
Discord ID: 599123847370768384
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
@SageTheory and despite the anti monopoly laws monopolies still formed and continue to form today
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.
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?
and the more the population grows, the more deflation a non-fiat would see
ancaps wouldn't be able to seperate security from trade
To be clear I leverage towards mixed. Monopolies are bad. AnCap has no system to prevent that.
and thus those with the guns would just TAKE rather than trade
Of course I'm also a fan of more decentralized control.
current govs seperate those who apply force from the incentive to imply force
Stronger local govt's is good because reactions are a local matter.
And federal should be external focused.