A World Without Capitalism and Tradable Shares?

[Andylusion]

Shares that can't be sold are worth nothing. Why would anyone have them?

Maybe they believe in free markets?

Opinion | A world without capitalism is not too hard to envision

"Tradable shares allowed private corporations to become larger and more powerful than states.

"Liberalism’s fatal hypocrisy was to celebrate the virtuous neighbourhood of butchers, bakers and brewers in order to defend the worst enemies of free markets."

 

[Toddsterpatriot]

Cuba, a nation that in the 1950s had a 1st world standard of living, today entire sides of buildings have collapsed in a nation with a national housing shorted, where people live 3 families in one apartment

How do current infant mortality rates in Cuba compare with 1950? What about literacy rates? Did Batista provide free medical care to all Cubans?

Your dictator worship makes me think you would be much happier living in Russia, China, or Venezuela.
Fulgencio Batista, Cuban Dictator

How do current infant mortality rates in Cuba compare with 1950? What about literacy rates? Did Batista provide free medical care to all Cubans?

Wherever there is a jackboot stomping on a human face there will be a well-heeled Western liberal to explain that the face does, after all, enjoy free health care and 100 percent literacy.

Or in George's case, a poor, miserable failure of a Western liberal.

 

[Toddsterpatriot]

It also gave the world Chernobyl, which came very close to making all of Eastern Europe completely uninhabitable. And no, it wasn’t an “accident”,

What do you know about Chernobyl that Wiki doesn't?

Chernobyl disaster - Wikipedia

"The accident started during a safety test on an RBMK-type nuclear reactor, which was commonly used throughout the Soviet Union.

"The test was a simulation of an electrical power outage to aid the development of a safety procedure for maintaining reactor cooling water circulation until the back-up electrical generators could provide power.

"This gap was about one minute and had been identified as a potential safety problem that could cause the nuclear reactor core to overheat."

Count on fucking commies to build a reactor in a pile of graphite with no containment structure.

 

[Andylusion]

It also gave the world Chernobyl, which came very close to making all of Eastern Europe completely uninhabitable. And no, it wasn’t an “accident”,

What do you know about Chernobyl that Wiki doesn't?

Chernobyl disaster - Wikipedia

"The accident started during a safety test on an RBMK-type nuclear reactor, which was commonly used throughout the Soviet Union.

"The test was a simulation of an electrical power outage to aid the development of a safety procedure for maintaining reactor cooling water circulation until the back-up electrical generators could provide power.

"This gap was about one minute and had been identified as a potential safety problem that could cause the nuclear reactor core to overheat."

Count on fucking commies to build a reactor in a pile of graphite with no containment structure.

It was cheaper..... which only Capitalists cut corners to save money.... so I guess communists are capitalists? Or the claims of Socialists are BS? I'm thinking theory 2 is the truth.

 

[theHawk]

It also gave the world Chernobyl, which came very close to making all of Eastern Europe completely uninhabitable. And no, it wasn’t an “accident”,

What do you know about Chernobyl that Wiki doesn't?

Chernobyl disaster - Wikipedia

"The accident started during a safety test on an RBMK-type nuclear reactor, which was commonly used throughout the Soviet Union.

"The test was a simulation of an electrical power outage to aid the development of a safety procedure for maintaining reactor cooling water circulation until the back-up electrical generators could provide power.

"This gap was about one minute and had been identified as a potential safety problem that could cause the nuclear reactor core to overheat."

Count on fucking commies to build a reactor in a pile of graphite with no containment structure.

It was cheaper..... which only Capitalists cut corners to save money.... so I guess communists are capitalists? Or the claims of Socialists are BS? I'm thinking theory 2 is the truth.

No, the communist government knew of the safety issue and flaw in the system, they refused to acknowledge it because they thought it would make the government look weak. All they cared about was their image. Even after the reactor blew up, the government refused to even believe it could be the case, they refused to evacuate people because it would make them look weak. Not to mention much of the workers on site were unqualified and incompetent thanks to a communist system that promoted party kiss-asses over competent people. Beginning to sound familiar?

 

[georgephillip]

The Sovit Union had about 2 1/2 times the population of Germany. The Russian army cleared mine fields by having their troops charge across it.

Soviet socialists defeated German capitalists.
Thanks for the info.

Don't cry.

 

[georgephillip]

Why would anyone work with all this free shit? When a government prints money without the economy producing the requisite goods to buy, that causes hyperinflation. That's how you end up with Zimbabwe.

What does casino-scale speculation contribute to producing goods and services beneficial to society? Hitler and Goebbels understood something you choose to deny

Fascism is Capitalism That Really Means It

"The cliché / warning that the Nazis ascended to power by democratic means portrays capital as an innocent bystander.

"That the Nazi hierarchy, including both Hitler and Goebbels, studied the U.S. process of industrialization— including the ‘contributions’ of slavery and genocide to capital accumulation, points to Nazism as managed industrialization.

"In terms likely blunter than Americans are used to, the BBC lays out the role of American finance capital in the failures of the Weimar regime.

"The racialization of this role by the Nazis has been used to dismiss it. But it was communists and ‘deplorables’ who were initially imprisoned by the Nazis, not bankers."

 

[dblack]

"Irrelevant quote I'm pretending supports my argument..."
[meme that I think is cleverl]

 

[bripat9643]

But the point it... yeah I can very much imagine a world without Capitalism. In fact, I can picture it.... right on the internet.

I know you can

The Republican Party's Iran-Level Superstitious Anti-Semitism: Greene claimed Jewish Space Laser started Cali Wildfires

Hank Johnson Worries Guam Could "Capsize" After Marine Buildup

 

[bripat9643]

Why would anyone work with all this free shit? When a government prints money without the economy producing the requisite goods to buy, that causes hyperinflation. That's how you end up with Zimbabwe.

What does casino-scale speculation contribute to producing goods and services beneficial to society? Hitler and Goebbels understood something you choose to deny

Fascism is Capitalism That Really Means It

"The cliché / warning that the Nazis ascended to power by democratic means portrays capital as an innocent bystander.

"That the Nazi hierarchy, including both Hitler and Goebbels, studied the U.S. process of industrialization— including the ‘contributions’ of slavery and genocide to capital accumulation, points to Nazism as managed industrialization.

"In terms likely blunter than Americans are used to, the BBC lays out the role of American finance capital in the failures of the Weimar regime.

"The racialization of this role by the Nazis has been used to dismiss it. But it was communists and ‘deplorables’ who were initially imprisoned by the Nazis, not bankers."

"Managed industrialization" is a euphemism for socialism, moron. Anyone who thinks an economy can be run without taking risks is simply a moron. Every factory ever built was a risk. Elon Musk too huge risk when he invested in EVs.

 

[bripat9643]

Shares that can't be sold are worth nothing. Why would anyone have them?

Maybe they believe in free markets?

Opinion | A world without capitalism is not too hard to envision

"Tradable shares allowed private corporations to become larger and more powerful than states.

"Liberalism’s fatal hypocrisy was to celebrate the virtuous neighbourhood of butchers, bakers and brewers in order to defend the worst enemies of free markets."

Are you just babbling nonsense?

"Shares would not be tradable"

"Shares that can't be sold are worthless. Why would anyone have them?"

"Maybe they believe in free markets?"

..... if the market is free, than shares in a company would be tradable, and could be sold....

So your statement is ridiculous.

Moreover, tradable shares do not allow private corporations to become larger and more powerful than states. That is factually not true.

Only George would call an economy where ownership can't be bought and sold a "market."

 

[Toddsterpatriot]

What does casino-scale speculation contribute to producing goods and services beneficial to society?

Why did the Soviet Union fail despite the lack of casino-scale speculation?

 

[Andylusion]

The Sovit Union had about 2 1/2 times the population of Germany. The Russian army cleared mine fields by having their troops charge across it.

Soviet socialists defeated German capitalists.
Thanks for the info.

Don't cry.

Again... by slaughtering their own people. So you are saying you are in favor of mass slaughter of yourselves, for the benefit of a Socialist state? This is exactly why you calling Trump a dictator is hilarious. You cry about him, and then praise mass tyranny?

 

[Andylusion]

Why would anyone work with all this free shit? When a government prints money without the economy producing the requisite goods to buy, that causes hyperinflation. That's how you end up with Zimbabwe.

What does casino-scale speculation contribute to producing goods and services beneficial to society? Hitler and Goebbels understood something you choose to deny

Fascism is Capitalism That Really Means It

"The cliché / warning that the Nazis ascended to power by democratic means portrays capital as an innocent bystander.

"That the Nazi hierarchy, including both Hitler and Goebbels, studied the U.S. process of industrialization— including the ‘contributions’ of slavery and genocide to capital accumulation, points to Nazism as managed industrialization.

"In terms likely blunter than Americans are used to, the BBC lays out the role of American finance capital in the failures of the Weimar regime.

"The racialization of this role by the Nazis has been used to dismiss it. But it was communists and ‘deplorables’ who were initially imprisoned by the Nazis, not bankers."

But every investment can be considered a casino-style speculation. Every single investment anywhere.

Even if you open your own business of babysitting, you don't know in absolute certainty that your business will succeed.

In fact, just farming, is a casino-style speculation. You don't know what the next year will hold. You don't know if there is going to be a drought, or a heat wave, or cold snap. You don't know for certain what the value of your crops will be next year.

Every single thing in an economy is at some level a gamble.

"casino-scale speculation contribute to producing goods and services beneficial to society"

The answer is nothing. But here's the problem. The only way to eliminate casino speculation, is to eliminate the ability to sell tradable shares in the company.

And if you eliminate that, then you are eliminating something that produces goods and services, and is a benefit to society.

And equally, there is no reason to eliminate it. There is no benefit to getting rid of casino-style speculation on tradable assets. No benefit. None.

 

[georgephillip]

Oh joy! Another commie circle-jerk. Someday - the state will run everyfuckingthing and you'll be in heaven.

Did you even bother to peruse the 4-minute read or consider the author's credentials?
Economist and Former Greek Finance Minister Yanis Varoufakis to Give 2020 Gamble Memorial Lecture | College of Social & Behavioral Sciences

Imagining a world without capitalism – Financial News – Yanis Varoufakis

"Imagine that shares resemble electoral votes, which can be neither bought nor sold.

"Like students who receive a library card upon registration, new staff receive a single share granting a single vote to be cast in all-shareholder ballots deciding every matter of the corporation – from management and planning issues to the distribution of net revenues and bonuses.

"Suddenly, the profit-wage distinction makes no sense and corporations are cut down to size, boosting market competition.

"When a baby is born, the central bank automatically grants her or him a trust fund (or personal capital account) that is periodically topped up with a universal basic dividend.

"When the child becomes a teenager, the central bank throws in a free checking account.

"Workers move freely from company to company, carrying with them their trust-fund capital, which they may lend to the company they work in or to others.

"Because there are no equities to turbocharge with massive fictitious capital, finance becomes delightfully boring — and stable.

"States drop all personal and sales taxes, instead taxing only corporate revenues, land, and activities detrimental to the commons."

How would you vote on taxing only corporate revenues, land, and activities detrimental to the commons?

 

[georgephillip]

Dude...just get a fucking job and pay your own way.

Bro...I've done my time working for the one percent.
I retired in 2012.
Some day you will understand (maybe)

 

[Toddsterpatriot]

Oh joy! Another commie circle-jerk. Someday - the state will run everyfuckingthing and you'll be in heaven.

Did you even bother to peruse the 4-minute read or consider the author's credentials?
Economist and Former Greek Finance Minister Yanis Varoufakis to Give 2020 Gamble Memorial Lecture | College of Social & Behavioral Sciences

Imagining a world without capitalism – Financial News – Yanis Varoufakis

"Imagine that shares resemble electoral votes, which can be neither bought nor sold.

"Like students who receive a library card upon registration, new staff receive a single share granting a single vote to be cast in all-shareholder ballots deciding every matter of the corporation – from management and planning issues to the distribution of net revenues and bonuses.

"Suddenly, the profit-wage distinction makes no sense and corporations are cut down to size, boosting market competition.

"When a baby is born, the central bank automatically grants her or him a trust fund (or personal capital account) that is periodically topped up with a universal basic dividend.

"When the child becomes a teenager, the central bank throws in a free checking account.

"Workers move freely from company to company, carrying with them their trust-fund capital, which they may lend to the company they work in or to others.

"Because there are no equities to turbocharge with massive fictitious capital, finance becomes delightfully boring — and stable.

"States drop all personal and sales taxes, instead taxing only corporate revenues, land, and activities detrimental to the commons."

How would you vote on taxing only corporate revenues, land, and activities detrimental to the commons?

Yeah, we should take advice from a failed Marxist economist.

 

[georgephillip]

A must read for you.

Donald Trump’s Economic Policies: Pro-Business, Not Pro-Market - ProMarket

Trump is eliminating lobbyists by putting them in charge of all departments. After his election,((This post was originally published in Il Sole 24 Ore.)) it was difficult to predict what President Trump would do. In the election campaign he said everything and the opposite of everything: from a...

promarket.org

Your link:

"During the presidential campaign Trump used many populist themes.

"The first signal that his policies will be neither populist nor popular, but strictly pro-business, is his choice of Cabinet members.

"Trump had promised to 'drain the swamp' in Washington of lobbyists.

"Few realized that he would do that by making intermediaries pointless, as the lobbyists themselves would be in charge of the departments: the CEO of Exxon as head of foreign policy, a former Goldman Sachs partner at the Treasury, the daughter of a ship owner for Transportation, a raider at Commerce, etc."

All of which reasonable people would have expected after a corrupt crony capitalist moved into the White House and cut out the middlemen (and women)

 

[georgephillip]

Trump was nothing more than a lesser evil alternative. He was about as much as I could stomach to keep the Marxist horde from overrunning the FedGov, but now that is a certainty.

You're about 75 years too late to worry about any Marxist hordes. Big business Republicans and Jim Crow Democrats took care of that problem immediately after FDR died:

Organized labor's decline in the US is well-known. But what drove it? | Richard Wolff

"Organized labor's decline in the US over the past half century is well-known; what drove that decline, less so.

"The New Deal's enemies – big business, Republicans, conservatives – had developed a coordinated strategy by the late 1940s.

"They would break up the coalition of organized labor, socialist and communist parties: the mass base that had forced through the 1930s New Deal.

"Then each coalition member could be individually destroyed."

By the time Carter came to office Democrats began the process of abandoning working class voters, and Clinton sealed the deal with NAFTA and worse.

 

[georgephillip]

Yeah, and the Egyptians built pyramids....BOTH using SLAVE labor and forced servitude.

Is there anything you're not wrong about?

"There is a consensus among Egyptologists that the Great Pyramids were not built by slaves.

"Rather, it was farmers who built the pyramids during flooding, when they could not work in their lands.[13][14]

"The construction of the pyramids is not specifically mentioned in the Bible either.[15]

"The allegation that Jewish slaves built the pyramids was in fact made by Jewish historian Josephus in his book Antiquities of the Jews, writing 'They [the Egyptian taskmasters] set them also to build pyramids.'[16]

"Modern archaeologists do not believe the Israelites were ever in ancient Egypt in significant numbers and were indigenous to Canaan.[17]"

Slavery in ancient Egypt - Wikipedia.