I dont think the FED + state which printed 70% of USD money supplies during covid years has anything to do with capitalism and free market… They are anti free market and capitalism if anything…
You see only binary. I didnt said its communism, I said its not free market capitalism, if the state can devalue your money by half with a single action (why do you think basic groceries cost double since 2020 ?), and its not a free market capitalism, when they impose 50% tariffs on anything Chinese regarding EVs and stuff around https://apnews.com/article/biden-china-tariffs-electric-vehicles-solar-254546e92f823a78220c195a0a42a10e
They dont buy their currency, they print promissory notes, that they will repay the debt, in exchange for money. And if you still believe that US can once repay its debt, you are delusional… Especially now, as China and many others are trying to get rid of petro dolars…
“Free market capitalism” is a fairytale we tell school children. Free market capitalism would be me filling up my car with leaded gasoline before going to work at a meth plant, but also I gotta pay the toll to use the private roads.
bahaha You are the one with binary thinking… The government doesn’t magically mean “not capitalist”, fool. When the government spends money, it’s not magically “not capitalist”, either.
The US government is capitalist because they back up and enforce things for corporations’ bottom line. You speak of debt as if that magically makes them not capitalist… You are quite literally ignorant on what “capitalist” even means. Sad. Pathetically sad.
I dont think the FED + state which printed 70% of USD money supplies during covid years has anything to do with capitalism and free market… They are anti free market and capitalism if anything…
rofl it’s not communism just because the government is involved…
The US is capitalist. Full stop. Period. The government BUYS its physical currency, for fuck’s sake.
You see only binary. I didnt said its communism, I said its not free market capitalism, if the state can devalue your money by half with a single action (why do you think basic groceries cost double since 2020 ?), and its not a free market capitalism, when they impose 50% tariffs on anything Chinese regarding EVs and stuff around https://apnews.com/article/biden-china-tariffs-electric-vehicles-solar-254546e92f823a78220c195a0a42a10e
They dont buy their currency, they print promissory notes, that they will repay the debt, in exchange for money. And if you still believe that US can once repay its debt, you are delusional… Especially now, as China and many others are trying to get rid of petro dolars…
“Free market capitalism” is a fairytale we tell school children. Free market capitalism would be me filling up my car with leaded gasoline before going to work at a meth plant, but also I gotta pay the toll to use the private roads.
bahaha You are the one with binary thinking… The government doesn’t magically mean “not capitalist”, fool. When the government spends money, it’s not magically “not capitalist”, either.
The US government is capitalist because they back up and enforce things for corporations’ bottom line. You speak of debt as if that magically makes them not capitalist… You are quite literally ignorant on what “capitalist” even means. Sad. Pathetically sad.
It’s simple, a State in Capitalist society serves the interests of the Bourgeoisie and defends Capitalism.
Capitalism naturally destroys free markets.
People miss that Adam Smith in his writing was arguing in favor of small enterprise and in favor of the government busting up monopolies
Yep, then Ricardo and later Marx built up on his theory.