There are five or six reasons...

[EatTheRich]

Peanuts in billions when talking trillions. And don't forget to deduct the amounts spent on Blacks and Browns via the war on poverty.

You can [Unwelcome language removed] around with China all you like to try and indemnify Communism but you're just spitting in the wind and the spittle lands back on you.

Labor isn't the scarcity but rather capital. Soon, with AI and automation of all kinds, labor will be almost completely superfluous to an economy. Which means something big. Something I haven't been able to wrap my mind around quite yet.

Capital is just the accumulated produce of yesterday’s labor.

Every dollar spent on anti-poverty programs generates an additional $4 in GDP.

Compound interest means exponential growth.

 

[Halo]

Capital is just the accumulated produce of yesterday’s labor.

Every dollar spent on anti-poverty programs generates an additional $4 in GDP.

Compound interest means exponential growth.

Fiat capital doesn't accumulate per se. Dollars used to say take this in exchange for the work I did yesterday. Then it was take this in exchange for the work I did today.

Dollars now mean take this in exchange for the work I'll do tomorrow. This is a fourth turning for money. We are in troubled waters. Unless you bought gold at the right price.

 

[Dawg]

Wall Street was literally built by Blacks. The fortunes of the biggest corporations are intimately tied to the slave trade and its produce, including the money produced by plantation labor that became the seed wealth for industrial investment.

China overtook Britain in steel manufacturing in 1978 (once an exaggerated pace that failed to take into account the lower level of industrialization while emerging from capitalism) and in 2019-2020 produced more steel than Britain did in 1870-2020.

So the Dem slave owners get all the credit

 

[EatTheRich]

Fiat capital doesn't accumulate per se. Dollars used to say take this in exchange for the work I did yesterday. Then it was take this in exchange for the work I did today.

Dollars now mean take this in exchange for the work I'll do tomorrow. This is a fourth turning for money. We are in troubled waters. Unless you bought gold at the right price.

Capital accumulates through exploitation of labor.

 

[Halo]

Capital accumulates through exploitation of labor.

I've asked all kinds of lefties who were unionized.

I asked them if 2/3 of any business in yearly expenditures goes to salaries, wages and benefits why doesn't your union start purchasing ownership in the company they work at? You can draw on quite a bit of capital.

To a man they hated the idea. Why? Because then they'd have to negotiate with themselves the terms of their labor. They don't want that. Not at all.

Just letting them steal the business (i.e. expropriate it) would be the immoral nature that would eventually mean the destruction of the gold egg laying goose.

 

[EatTheRich]

I've asked all kinds of lefties who were unionized.

I asked them if 2/3 of any business in yearly expenditures goes to salaries, wages and benefits why doesn't your union start purchasing ownership in the company they work at? You can draw on quite a bit of capital.

To a man they hated the idea. Why? Because then they'd have to negotiate with themselves the terms of their labor. They don't want that. Not at all.

Just letting them steal the business (i.e. expropriate it) would be the immoral nature that would eventually mean the destruction of the gold egg laying goose.

The average wage per the law of supply and demand is just enough for subsistence without a surplus that can be saved and invested. It is also immoral to expect producers to have to pay ransoms to those who exploit without producing just to get back the accumulated surplus value of their own work, and universalizing it would require labor to supply at its expense equivalent amounts of alienated capital to be repurchased by those bought out. Finally, producer cooperatives in a capitalist society do not eliminate exploitation the way communism does. Just look at the tragedy of Yugoslavian market socialism.

 

[Halo]

The average wage per the law of supply and demand is just enough for subsistence without a surplus that can be saved and invested. It is also immoral to expect producers to have to pay ransoms to those who exploit without producing just to get back the accumulated surplus value of their own work, and universalizing it would require labor to supply at its expense equivalent amounts of alienated capital to be repurchased by those bought out. Finally, producer cooperatives in a capitalist society do not eliminate exploitation the way communism does. Just look at the tragedy of Yugoslavian market socialism.

Greed, envy and thievery is all a sinister (leftist) person is about. Lawlessness.

 

[EatTheRich]

Greed, envy and thievery is all a sinister (leftist) person is about. Lawlessness.

That’s what the right called it when the left abolished slavery in this country (the biggest uncompensated expropriation of private property in history).

 

[Halo]

That’s what the right called it when the left abolished slavery in this country (the biggest uncompensated expropriation of private property in history).

Classical liberal Christians abolished slavery.

Slavery goes back millennia and to this day. The society that set the moral value against slavery was, again, the classical liberal Christians.

 

[EatTheRich]

Classical liberal Christians abolished slavery.

Slavery goes back millennia and to this day. The society that set the moral value against slavery was, again, the classical liberal Christians.

Classical liberals openly endorsed slavery. John Locke, for example. Abolition was a radical viewpoint because it rejected private property rights.

 

[Halo]

Classical liberals openly endorsed slavery. John Locke, for example. Abolition was a radical viewpoint because it rejected private property rights.

So what have you added to the conversation? Nothing.

Classical liberal Christians abolished slavery.

Slavery goes back millennia and to this day. The society that set the moral value against slavery was, again, the classical liberal Christians

 

[EatTheRich]

So what have you added to the conversation? Nothing.

Classical liberal Christians abolished slavery.

Slavery goes back millennia and to this day. The society that set the moral value against slavery was, again, the classical liberal Christians

I pointed out that your statement was factually wrong and that abolition was actually a radical-left and anticapitalist value.

 

[Halo]

I pointed out that your statement was factually wrong and that abolition was actually a radical-left and anticapitalist value.

You've got nothing but fiction.

 

[EatTheRich]

You've got nothing but fiction.

Lincoln who led the war effort appointed Weydemeyer (who coined the phrase “dictatorship of the proletariat”) governor and urged everyone to read the newspaper columns of his friend Karl Marx.