Oddbean new post about login | logout Can't have capitalism when the base unit of the economy is centrally planned It's no wonder GenZ is very anti-capitalist given they think what we're doing is capitalism and how horribly clown world is going for young people Bailouts, stimmies, planned interest rates, GOVT CPI etc is NOT capitalism
Capitalism on Communist rails. Why are people losing faith in Capitalism? Because we let the government turn us into Commies a long time ago bastardizing the money system and we did nothing about it.
America was fundamentally changed into a socialistic society in 1913-ish with the introduction of the 16th taxation amendment.
And the fed
But we are just going to tax the top 1% and income tax of 1%! We can overturn your constitutional rights to fuck the top 1% right guys? How'd that slippery slope go?
Yes. Also. Unalienable rights aren't granted by the Constitution. You are born with them, and they cannot be taken away. Not even by a 100% majority rule vote. The Constitution tells the government that those rights shall not be infringed.
Nothing annoys me more than the “late stage capitalism” line.
You're right, it isn't capitalism. Real capitalism doesn't regulate, tax, or bailout companies. That is only possible under a socialistic government. And it's crony socialism, NOT crony capitalism.
We don't live in a Capitalist society anymore than North Koreans live in a Republic. nostr:note1y5g72wtd744re8du60mc7cx2zxvqnyt0qtdqulk8xshzp50tz6mqn68qzp
We don't live in a Capitalist society anymore than North Koreans live in a Republic.
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Mercantilism
Bailouts, stimulus packages, and planned interest rates aren't capitalism. Let's stop blaming the #freemarket for the failures of a system that's anything but. Time to rethink what we mean by ' #capitalism ' and strive for a truly laissez-faire economy. #AustrianEconomics #FreeMarket #AnCap
Exactly. Even some bitcoiners get this confused. https://image.nostr.build/4204d04091073066bddf0264c04f0fb7c21a48a8f35f4934e3b1c137a9ff93fc.jpg
