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0 sats \ 0 replies \ @CliffBadger 28 Nov \ parent \ on: Leftist take on bitcoin and stablecoins bitcoin
The nation has no wealth if the state decides the allocation. If every economic decision has to align with the state's grand strategy, then everyone is a slave.
the Chinese public sector works WITH the private sector
Every state makes this claim. It's not true. By definition, if you're levying taxes or printing money, then you're working against the private sector. You're talking about a select few businesses that "work with" the state, but the fact that there exists a state to work with and that they have no choice but to negotiate with means the market isn't free.
The Chinese have used fiat monetary issuance mostly in a constructive way to direct capital into productive and strategic assets and infrastructure
Please stop conflating nation and state. Show me where the Chinese public sector is superior to the Chinese private sector. The US and China have both been infiltrated with socialism to varying degrees at different times. There's no point in comparing them.
whereas the neoliberalised west where bankers and capital direct governments huge misdirection of capital has occurred with huge volumes of fiat debt issuance toward non productive speculative assets- primarily real estate burdening the economy and only creating a temporary illusion of wealth
It's still statism. Whether it's the state printing money for its own plans, or it's the state printing money in response to requests from the private sector, in both countries the state remains the final deciding entity for who gets how much money.
Bitcoin is the only real capitalist economy on earth.
Yet China has won the trade war- all nations now must trade with China or suffer significant economic disadvantage.
By that logic MSTR is winning.
There shouldn't. Either we have a market, where producers and consumers negotiate a price, or there is no pricing system at all. The government can't decide the price of gasoline any more than it can decree that the price of 1 BTC is 1 USD.
There is no real capital or investment in your system. It's literally just the government telling people what to do.
That's your skewed analysis.
First of all, there's no reason to assume that roads wouldn't exist if the state wasn't in charge of them. The state doesn't issue everyone a free phone, yet I have one, and you can't convince me that the state's stolen products and services are any better than what I could buy on the free market.
Again, not everything needs a subsidy to exist, a point you've acknowledged but don't seem to be taking to heart.
As for how I personally would fare in a society that wasn't stealing from people more productive than me to finance my lifestyle, I think I would still be better off overall, given the second and third order effects of a society that values trade above violent coercion, but if it means I would have to get a real job instead of lobbying the government, so be it. That's kind of the point.
A targeted attack on an organized crime ring is much easier to pull off than going door to door torturing individual holders. It's not relevant to a crackdown on mass adoption. You just assume that the state will find some way to win every encounter because it's your God.
Yes it will. Removing the government forces the sociopaths to get real jobs. Your system is what gives the murderous psychopaths infinite power. They have no power in a free market because no one would voluntarily give them money to kill random innocents. That's an industry that relies 95% on taxation.
No he doesn't. He says they're no problem at all except when the government enables them. Read it again.
政府没办法禁止这些会谈，就算不理什么自由原则也无法执行一个有效的法律。几个有共同行业的人一起讨论东西，法律无法禁止这种事。可是谈话不够，提高价格这个阴谋只有通过政府的法律系统，求政府的支持（也就是说所谓的“投资”），他们才能够垄断市场。
生意和政府合作就是 monopoly 的来源。所谓的 crony capitalism 就是 mixed economy 的结果。没有政府，市场才有自由竞争，提高价格的阴谋就无法成功。不自然的价格总是政府的错。
Yeah they could always kill me for any reason. Mao made that point pretty obvious. That's a big part of the reason I don't like statism.
No, without government there would be no way to reduce cartels duopolies and monopolies
You're entitled to your incorrect opinion but don't try to claim Adam Smith agrees with you that government prevents (rather than enables) monopolies, because he clearly doesn't.
Enjoy your coming 100 years of humiliation as a consequence of abandoning the mixed economy features such as robust anti trust laws and your stupid Libertarian free market
The West overall is still vehemently statist. Trump is one libertarian-leaning guy in a massive ocean of socialist bureaucrats and academics occupying every other major institution besides the executive branch. The New Deal programs were never overturned, and every other Western country despises the very idea of a free market. Your discussions here are with people that have all been ostracized from mainstream politics.
The only reason the US maintains some semblance of a free market at all is because of historical legacy and an inflexible legal system. Everyone writing the newest laws, which are causing the decline, agrees with you that the government should replace God.
Let's read on.
It is impossible indeed to prevent such meetings, by any law which either could be executed, or would be consistent with liberty and justice. But though the law cannot hinder people of the same trade from sometimes assembling together, it ought to do nothing to facilitate such assemblies; much less to render them necessary. A regulation which obliges all those of the same trade in a particular town to enter their names and places of abode in a public register, facilitates such assemblies. . . . A regulation which enables those of the same trade to tax themselves in order to provide for their poor, their sick, their widows, and orphans, by giving them a common interest to manage, renders such assemblies necessary. An incorporation not only renders them necessary, but makes the act of the majority binding upon the whole.
In other words, it's the government's laws and regulations that facilitate such a conspiracy and allow it to succeed. In a free market it would fail.
My economic well-being is tied to Bitcoin, not the government. I can't/won't live in a jurisdiction that doesn't tolerate Bitcoin.