We haven’t had capitalism in any sense of the word for about 60 years at this point. What we have seen is government interventionism in a protection of certain businesses that align with the interests of the sitting politicians - in other words, a form of Oligarchy.
What has transpired is an increasing degree of government deficits to fund entitlements, that drive inflation, which create more dependency on the entitlements and a call to do things like raise minimum wages.
The actual solution is: Trim federal spending, go into deflation, and drive the buying power of the currency up. This would allow people to pay down debts while maintaining standard of living, and allow for a reduction of dependency on hand outs - which would allow for a further reduction in government spending. The problem here is that the first step ABSOLUTELY SUCKS for a LOT of people - but it needs to be done.
From here: The big hedge funds, and such need to be ripped apart systemically.
This is so fractally wrong that it would take two hours to untangle this hodge-podge of confusion. So I’ll just say, the only way out of neoliberalism’s problems is to do neoliberalism even harder. 😂
You’re just describing how Capitalism has reached its later stages, its death throes. You can’t turn the clock back, we have to turn it forwards to Socialism.
Not everyone. Capitalists love capitalism. It’s the people who aren’t capitalists but think they are because they love capitalism.
Sort of like how people think they are Christian’s because they go to church believe in Jesus, but don’t actually follow the teachings.
People think they are all sorts of things they are not and make themselves and or other miserable because of their fantasies.
We haven’t had capitalism in any sense of the word for about 60 years at this point. What we have seen is government interventionism in a protection of certain businesses that align with the interests of the sitting politicians - in other words, a form of Oligarchy.
What has transpired is an increasing degree of government deficits to fund entitlements, that drive inflation, which create more dependency on the entitlements and a call to do things like raise minimum wages.
The actual solution is: Trim federal spending, go into deflation, and drive the buying power of the currency up. This would allow people to pay down debts while maintaining standard of living, and allow for a reduction of dependency on hand outs - which would allow for a further reduction in government spending. The problem here is that the first step ABSOLUTELY SUCKS for a LOT of people - but it needs to be done.
From here: The big hedge funds, and such need to be ripped apart systemically.
This is so fractally wrong that it would take two hours to untangle this hodge-podge of confusion. So I’ll just say, the only way out of neoliberalism’s problems is to do neoliberalism even harder. 😂
You’re just describing how Capitalism has reached its later stages, its death throes. You can’t turn the clock back, we have to turn it forwards to Socialism.