- 16 Oct 2020 20:30
#15127969
No I hate capitalism almost as much as I hate your brand of fake socialism, I was just pointing out that what you were saying was wrong.
You're not a socialist and I don't call it "deflation", I call it theft.
ckaihatsu wrote:
Oh, okay, so you're bourgeois-historically-progressive, then, meaning that you're all for *equity* capital (which organizes production), but you're critical of *rentier* capital (which is *non-productive* and feudal-like).
No I hate capitalism almost as much as I hate your brand of fake socialism, I was just pointing out that what you were saying was wrong.
*Or* it could be called 'deflation' since that's the result it brings -- a *glut* of savings that *reduces* the face-value of all of it. I'd also call it the *balkanization* of savings, as into offshore tax havens, which means it's *non-circulating*, and, ironically, the government has to use *public funds* for liquidity to underwrite bad loans and stock market crashes, propping up 'zombie companies' in the process. No wonder I'm a socialist.
You're not a socialist and I don't call it "deflation", I call it theft.
Socialism without freedom is fascism.