logoalt Hacker News

sschuellertoday at 8:08 AM3 repliesview on HN

I guess you don't need to be an authoritarian country. Just capitalist with no regulation...


Replies

alansabertoday at 8:11 AM

State consolidates power or a few megacorps. Unfortunately the middle ground (approximate balance of power) is always tenuous

erutoday at 8:42 AM

> Just capitalist with no regulation...

In what kind of anarcho-capitalist utopia do you live? Have you seen how many regulations they have over in the US? The Dodd-Frank act alone was 2,300 pages. And that's hardly the only rule they have on the books.

You can complain that the regulations are bad, sure. But 'no regulation' is a stretch.

show 2 replies
rustcleanertoday at 8:17 AM

Big banks growing up around a central bank is not capitalism, it's financialism.

Mandate that any fresh new currency be apportioned and distributed to only living citizens, and a capitalism becomes possible again. As it stands now it's the money printers, and those adjacent, who hold the power.

Giving everyone fresh currency, and taxing those of significant wealth to sop up inflation (corporations and individuals), is how business entities get forced into serving the people again. As it stands now they serve those who have the ability to leverage the printing press, and that's not you or I.

Addendum: finance is not capital. Capital is the structures used to produce goods. Finance in our system is contractual trickery used to represent capital. To pull from Baudrillard: if capital is the land, finance is the map.

show 1 reply