Jeff Swann @Jeff Swann - 15d
If govt has a central bank that controls interest rates & money creation & they control & regulate all banks, then we basically have communism laundered under "capitalist" labels. With enough regulatory control & taxation & subsidization, nationalization of industry is unnecessary & would produce no significant difference in conditions.
Jay @Jay - 15d
The desire to voraciously own and control everything under the sun has many names when it's systematized. It's like that universal paperclips game but with people's lives on the line, haha 😐
The majority of the negative impact can be achieved via bailouts & regulation & subsidies that squeeze out competitors & transform major corps into extensions of govt that spy & collect taxes via withholding. Everything authoritarian communists want to achieve that isn't already done can be achieved within the oppressive legal & regulatory structures already built. No need for a more honest naming convention if it all works the same either way.
Oh it can get worse from where we are, but prices in many ways already aren't efficiently allocating resources because monetary policy IS central planning. They do not have to call it nationalization to effectively nationalize everyrhing & squeeze out all real competition or profit & loss.
"Everything authoritarian communists want to achieve that isn't already done can be achieved within the oppressive legal & regulatory structures already built." Things can still get a lot worse... I'm just saying we are much farther along the path to communism than most people would believe. The govt has unilaterally fired people & shut down businesses. The govt has violated property rights in so many ways that all supposed limits appear to be gone. Communists are never actually happy with the results their policies produce. Happiness is never actually the goal, their motivation is almost always just to tear down anyone who is happy or successful, or who simply has more than them, until the only people who have more are govt authorities they fear.