14 Jan 2023 12:32 am
LowIQTrash » 13 Jan 2023, 6:40 pm » wrote: ↑ There are countless schools of economics. It is not concerning which one you believe is the most accurate, although I will say the neoclassical model is 85+% wrong, while the "New Keynesian" model preferred by mainstream economists is maybe 40%~ wrong, mostly due to their failure to separate the real economy from financialization.
There is a myth propagated by liberTARDians that if 2 people or two parties engage in some sort of consensual transaction, that type of "market exchange" is dubbed "capitalism." Disregarding the fact that consensual transactions have been taking place since God knows when (imagine how retarded you would sound if you said "ancient Egypt was capitalist"), the model which is based off of lolibertarian "rational self-interested parties" fantasy ignores a basic fact of politics which is that all "ruling classes" attempt to "skim" a certain % off their host/working populations. Skimming is only possible once you have a sufficient amount of power.
Skimming is basically institutionalized theft/fraud...but because most of it occurs behind the scenes or cloaks itself as "consensual, mutual, whatever" people ignore it completely. And it should not surprise anyone lolibertarian think tanks/prominent groups are funded by (((OUR FRIENDS)))
There was a time when kings and queens were subject to the same dangers as the peasants.. cold, hunger, violence etc..
Centuries ago, there was skimming in the form of taxing the peasants. The scarcity and hardship of the times back then demanded a certain exploitation of others, survival demanded one group dominate and subjugate other groups merely for survival.
In this age of technological abundance, which took 50+ years to emerge after the industrial revolution, there is no longer a need to deprive others to survive. There is now a different motivation for skimming. The elite now just seek to keep the masses in poverty for amusement.