@moffintosh @dcc
> Complains about rich people using money to get more money
> Refuses to complain about state giving the rich even more money without offering you anything.
I don't get you man.
Refuses to complain about state giving the rich even more money without offering you anything.
I just don't do it as much because the capital owners control it anyway, and by getting rid of them one gets two birds with one stone
@moffintosh @dcc
> because the capital owners control it anyway
Do you mean......
@moffintosh @dcc
Government is the literal capital owners. They print the money.
@moffintosh @dcc
Yes. Economists call it inflation tax, because with inflation, you literally steal the value of EVERYONE at once.
If you one day happen to own 1/2 of money supply because you printed it, it doesn't matter that the number needed was high. You still own half of total value. And you can do that again any day you want, if you have enough paper :D
@LukeAlmighty @dcc There is also the fact that money is but a form of capital, a liquid one. Capital can also be non-liquid, like a building or machines in a factory
@moffintosh @dcc
I studied a university of economics. I get that. But you still seem to ignore, that one party has an access to unlimited money supply, while others have to just sit and eat inflation instead.
@LukeAlmighty I know that. And you seem to ignore that periods of volutary inflation caused by money printing have a class character to them. It's not a case that the new money orinted in this manner is immediatly given to large financial institutions, to subsidize those institutions and the capitalist class through them to try prevent the falling rate of profit to cause a crisis
@moffintosh
I will grant you, that the distribution has "SOME" class structure, but to say, that
> It's not a case that the new money orinted in this manner is immediatly given to large financial institutions
Is just false.
First, it is given to "large institutions". Full stop. Banks are just one of the least moral ones.
Also, you have to distinguish between comertial banks and central banks. Comertial banks are just assholes. But the problem is, that they are directly supported by the central bank (read moneyprinter), that makes them literally unable to go bankrupt, as long as they follow the mafia.
@LukeAlmighty @dcc Money is but a token of exchange value. They can double the supply of money but the value behind it doesn't, hence inflation