@knfrmity - eviltoast
  • 13 Posts
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Joined 3 years ago
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Cake day: March 23rd, 2022

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  • Socialist enterprise and markets can be competitive, in fact more competitive than a capitalist system. China is actually super innovative now, having caught up technologically with the west in part by leveraging the same import substitution policies and general disregard for other countries’ capitalist’s “intellectual property” which drove industrialization in the western nations.

    The two big differences between socialism with Chinese characteristics and western neoliberalism are the fact that SWCC places at its core collective ownership of the means of production and state investment in developing said means of production. Whereas the west privatizes everything and only invests state funds in the further enrichment of the few who own said privatized means of production.








  • Companies like subscriptions because it’s a constant revenue stream, and they can market the subscription as a lower cost of entry.

    You see the same thing in the switch from one-time purchase software licenses to SaaS. You used to be able to get, say, Microsoft Office for maybe $120 one time, or maybe it was even included when you bought your computer. Now it’s $100 a year. Adobe did the same over ten years ago.

    Having predictable cash flows is great for a company’s longer term planning, and in many cases brings in more revenue than single purchases.


  • Not necessarily an MMT specific thing, but yes, the bourgeois focus on taxing labour (wage income) rather than property (capital or land). Interestingly enough, Adam Smith, one of the first liberal intellectuals, argued that land should be taxed rather than labour. The tax topic you illustrate is just one of many examples of how the class and socio-economic basis of things are completely obfuscated by liberal politicians and intellectuals.

    To MMT specifically, it only holds as a lacking description of the US dollar. Look at any other currency, ie any currency which is not the hegemonic global reserve currency, and you’ll find that MMT doesn’t hold up.






  • And yet some of his ideas, primarily the Bancor, would have fundamentally changed the course of post-WWII history.

    I’m no capitalist, I just mean to say that the difference between the international currency exchange model Keyenes proposed and what the US forced on everyone is immense. Interestingly enough, many countries are once again looking to Keynes’ Bancor as inspiration for a new international financial paradigm.