Jan 14, 2020, 11:13 AM
—“so is ok for a person who has made a lot of money to loan it out to people who need money for a fee? That is capitalism baby.”—
Investment in production vs rent seeking on consumption.
Every half truth in libertarianism obscures a greater lie.
The function of interest is pulling forward time (income) for both borrower (producer), lender – AND consumer.
The only reason not to conquer and enserf or enslave others is the benefits of cooperation under reciprocity, where reciprocity is free of reasons for retaliation, or worse: productive, fully informed, warrantied, voluntary exchange, free of negative externalities upon one’s kin and allies.
We propose separating productive (investment) credit, from consumer (consumptive) credit, and eliminating consumer credit, and therefore eliminating rent-seeking on others (where rent seeking means profiting from not contributing to production or risk of production). This is just one aspect of where we eliminate rent seeking free riding, socialization of losses and privatization of commons, thereby forcing people into PRODUCTIVE markets and out of markets for rent seeking (parasitism).
Second, we propose bypassing the financial sector in order to maintain monetary velocity and money supply thus inverting the distribution of incentives (liquidity) from top by speculation, to bottom by demonstration.
Third, we treat citizens as shareholders who may demand dividends, or tolerate state investment.
Fourth, we grant all citizens an asset (title), savings, spending(checking), bills, credit, and dividend account and a card to access it directly from the treasury. These funds are un-attachable, and all debts clearable under bankruptcy. (We restore lender beware, which is part of our suppression of ((())) false promise, baiting into hazard). When liquidity is needed it will be distributed directly to citizens as spending, and the commercial sector will fight over that money, and the financial sector fight over supplying the commercial sector with resources. This ends financial parasitism, and it ends international parasitism upon Americans -which should, if I am correct, rapidly alter the world order in our favor again.
Fifth, where we have indirectly used the military to fund basic research and ‘health’ to fund basic research, we instead limit what is considered research (gutting the pseudosciences), and created opportunity for more basic research, state retention of proceeds from inventions therefrom, and transferred what is the equivalent of Goldman Sachs, Citi, JP Morgan, to the Treasury, where anyone can propose investments and the people rather than world (alien) elites can benefit from massive investments. In other words we restore the monarchical investment model, or, what is practiced in silicon valley today. This preserves the role of agents for investors – so we still can create wealthy individuals, but it nationalizes the risk, interest, and appreciation on gains, rather than having them privatized by an international elite. This is the western( market) version of how the Chinese(monopoly) have weaponized their financial sector. It will eradicate the world financial class’ ability to use the USA as it’s private hunting preserve.
Sixth, this consequence (should) drive out tolerance for immigration and tolerance for government, since all government spending, and all immigration only serves to decrease individual income from dividends and liquidity distributions.
Seventh, combined with reformation of the academy (college costs) this should restore the ability for a single income family to produce replacement level children.
Capitalism (no common property) like Communism (no private property) is a Jewish invention – libertarianism is just communism for the middle class, like communism is for the working class, like jewish neoconservatism and globalism are for the elite class. These are not european traditions (class markets) they are class-monopolies.
Europeans practice rule of law, of reciprocity, of tort, and warranty, meaning demonstrated interest, and markets are the result.
Commons are necessary to compete for people. All peoples MUST practice state-private ventures on capital investment beyond the horizon and risk tolerance of individual and institutional investors. So mixed economies are necessary.