9 Apr 2024 1:12 pm
Id like to offer some of my own thoughts on this subject...DeezerShoove » 02 Apr 2024, 10:08 pm » wrote: ↑ T
Also, strong objections to Hamilton's move to create a US Bank adds to skepticism.
I have always heard the world has never seen "pure" communism or "pure" socialism or "pure" capitalism.
What would protect it so that "pure" free enterprise could finally exist?
Seems like mankind would **** that one up too.
As always, I welcome your views.
Obviously no system is perfect but you actually can create an environment that fosters behavior that i think is generally good versus generally bad.
For example...a debt based economy like the one the usa currently uses is great for basically looting a country of all of its wealth before you abandon it and just let all the citizens fall into despair and desperation. The vast majority of people actually making money in the usa are just making it from random digits in some computer in wall street...not from producing any tangible good that is useful for any citizen. China is doing most of that for us.
And the sort of environment that finance thrives in happens to be the opposite of manufacturing. Finance likes high interest rates and low prices for goods...manufacturing likes low interest rates and high prices for goods. It is a zero sum game...there is no way for an economy to cater to both.
the rot in the usa actually goes back to its very origins. We adopted a constitution, for example, which was not actually the FIRST constitution...and in fact it differed from the magna Carta in one very key aspect: it removed the promise that people could not inherent debt from their parents (the magna Carta specifically named jews you could not inheret debt to). This removal and the subsequent debt crises is in fact the reason behind Daniel Shays rebellion...the first serious rebellion ever in the United States and an actual insurrection where people armed with guns went to a capitol and halted official government business (interesting to remind ourselves of all the people who insisted that jan 6th was the worst 'insurrection' in us history).
In contrast, Hitler's germany decided to try the radical opposite approach. They eliminated as much as possible all ways of making money that did not involve some form of useful work. They got rid of the stock market, for example. They outlawed land speculation and war profiteering. They seized control of the central bank and disconnected it from international banking...so that it would only serve what was in the interest of germans instead of internationalist elites who made fortunes from usury. If there weren't enough jobs for every able bodied citizen, the government made work that would be useful...such as infrastructure expansion.
Germany quickly became the most powerful econony in the world under such a system, and their workers had the best working conditions and quality of life.
Is it any wonder that the usa and uk quickly decided that Germany must be destroyed? Is it any wonder that germans were so loyal to Hitler? Or that the post war 'denazification' program had to be so extensive and so brutal?
Anyway...those 2 extremes basically represent different models of what behavior to incentivize by using (or limiting) state power. Nothing is ever 'perfect', of course...but the fact their societies were different is indisputable. And which one is better just depends on your values. Do you like to exploit people or do you like to inspire them?
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Cannonpointer Apr 08, 2024
Go to original post on Apr 03, 2024 1:17am