Who are any of us, really? We all have our public life, our private life…

And your secret life. The one that defines you.

  • 0 Posts
  • 13 Comments
Joined 1 year ago
cake
Cake day: June 12th, 2023

help-circle
  • I mean if you’re gonna criticize the whole capitalist system sure.

    1. The Federal Reserve purchases assets and thereby increasing bank reserves.
    2. The banks expand credit and consequently the money supply.
    3. All prices are raised, and the rate of interest is artificially lowered.
    4. Misleading signals to businessmen starts to emerge, causing them to make malinvestments.
    5. Businesses overinvest in capital goods and underinvest in consumer goods.
    6. As the “time preference” of the public have not really got lower, consuming is preferred over saving.
    7. There is a lack of enough saving-and-investment to buy all the new capital goods.
    8. Then, “depression” originates in order to reestablish the consumer’s old time-preference proportions.
    9. The banks return to their natural and desired course of credit expansion…

    FIAT money is independent of capitalism. Its coercive existence leads to distortions of relative prices and the production system, as government and its central bank will always tend to be inflationary.




  • Economists of the classical school were right to define a monopoly as a government-grant privilege, for gaining legal rights to be a preferred producer is the only way to maintain a monopoly in a market setting. Predatory pricing cannot be sustained over the long haul, and not even the attempt should be regretted since it is a great benefit to consumers. Attempted cartel-type behavior typically collapses, and where it does not, it serves a market function. The term "monopoly price" has no effective meaning in real market settings, which are not snapshots in time but processes of change. A market society needs no antitrust policy at all; indeed, the state is the very source of the remaining monopolies we see in education, law, courts, and other areas.

    Amazon is just another big company that benefits from corporatocracy.


  • Consequently, the greater the sphere of public as opposed to private education, the greater the scope and intensity of conflict in social life. For if one agency is going to make the decision: sex education or no, traditional or progressive, integrated or segregated, etc., then it becomes particularly important to gain control of the government and to prevent one’s adversaries from taking power themselves. Hence, in education as well as in all other activities, the more that government decisions replace private decision-making, the more various groups will be at each others’ throats in a desperate race to see to it that the one and only decision in each vital area goes its own way.


  • Democracies get sick and then die from within.

    Representative democracy has allowed for peaceful transitions from one ruling elite to another, but the use of institutional coercion is still there. The government is not the problem, it is the mere existance of the Monopoly of Violence, that is, the State.

    "Probably no other belief is now so much a threat to liberty in the United States and in much of the rest of the world as the one that democracy, by itself alone, guarantees liberty."

    Obviously, this mechanism of peaceful change is an important distinction, but does not absolve democracy of its shortfalls.

    Instead of focusing in on how the various Republican candidates for speaker, both individually and collectively, embody how today’s Republican Party is an existential threat to the country’s multiracial pluralistic democracy

    As mentioned before, the State itself is a threat. The model of the parliamentary dictatorship, that is, an oligarchy of politicians and public employees, does not serve our interests: it serves elites and violates rights to self-ownership, and efforts to limit governmental powers tend to fail.





  • You mean all these private international businesses have a hard time going around worldwide regulations?

    Quite the contrary; the State by lobbying, subsidies and "international aids" is actually benefiting the giant businesses, as the coercion made by the State harms the SME's and we the common people to trade with other countries.

    Basically, I'm describing corporatocracy (the State is dominated by corporate business interests).

    Do you know, that even with the sanctions, russia exports and imports (almost) as usual, because internationally nobody cares? And if sb cares, they will make a daughtercompany in no time which does the trade?

    By "russia exports and imports" (fallacious use of collective nouns), I'll interpret it as businesses affected by the sanctions.

    As I said before: "Descriptive economics is not the same as explanatory economics". You can't just infere those sanctions are not working from having analyzed statistics and economic history. You need first an economic theory that tries to explain how the economy works by identifying the causal relationships between economic actions and events.

    I'd recommend you to read about Mises's Human Action (praxeology based on methodological individualism).


  • Man wtf. We had over 100 Years of almost free market and look where we are now.

    I don't know what you interpret as "free market", but the mere existance of a Monopoly of Violence, lobbying, manipulation of money, state licenses, blah, blah, blah… is not free at all.

    Businesses in germany have to pay a fuckload of taxes and still get richt as fuck.

    Descriptive economics is not the same as explanatory economics.

    If there is no free market on a national scale, than there is a almost anarchytical free market on an international scale.

    What about protectionism, tariffs, special licenses, international regulations, "common goods", the World Bank Group, the IMF, and very much any kind of coercion made by "Welfare" States?

    And they have to pay back what they destroyed. Like everybody else, when you destroy sth, either on purpose or without, you need to pay.

    "Virtually all issues concerning the environment involve conflicts over ownership. So long as there is private ownership, owners themselves solve these conflicts by forbidding and punishing trespass. The incentive to conserve is an inherent feature of the market incentive structure. So too is the incentive to preserve all things of value. The liability for soiling another's property should be borne by the person who caused the damage. Common ownership is no solution. Because national parks, for example, are not privately owned, the goal of economical management will always be elusive."


  • the people can rise up against the capitalists to stop them from poisoning our only habitat we are all wholly dependent upon

    Are you ignoring all the labor these "capitalists" and their workers do to provide you the goods we all wholly demand upon? All of this is done by social cooperation between both of them by voluntary association.

    We can stop the self-destructive madness of demanding infinite growth carved out of the ass of a finite world.

    This would work if the price system would actually work as intended (free from the intervention of the State) to distribute all the scarce resources in a free-market setting.

    Greta is doing the right thing in the face of Armageddon

    By wanting the Monopoly of Violence to step in? To call the international organizations (spoilers: they don't care about us) to intervene in foreign countries?

    Almost everyone else will either continue begging the sociopathic oligarch polluters to stop

    They can actually do that because of the existence of "common goods" and of the monopolical privileges granted by the same State, such as subsidies, regulations discreetly affecting SMEs, the lack of enforcement of private property to protect those "common goods", etc.

    but those are usually the same people that get angry at others for claiming the “free capital market” isn’t the cure for the many self-inflicted human crises caused by the “free capital market.”

    On the contrary; they love subsidies, they love intellectual property, they love FIAT money, they love the monopolical privileges: basically, their activities depend entirely on the mere existence of corporatocracy.