Damus
Laeserin · 89w
The whole idea that it's a good thing for someone to get millions of dollars just dropped on their heads, when they have barely even started, is California Capitalism. I think it leads to feverish bo...
Guy Swann profile picture
Agree except that calling it California Capitalism I think is inaccurate. Capitalism is actually based on free markets, we have. Nothing of the sort, not even slightly.

What you describe is a consequence of the fiat debt system, which is based on the communist tenant of central banking and money as a tool of political authority. Thats what causes this. Money is literally issued out of thin air as debt. The results are what you describe.
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Laeserin · 89w
Well, yes. Suppose I needed to write it California "Capitalism" A variant of corporatism, I suppose, where the quick accumulation of large sums of money without commensurate effort leads to the problem of how to spend it effectively. Bitcoin had a similar effect as fiat, while the price was very l...
cryptohamster · 59w
Actually Marx considered Capitalism as a corruption of free markets by elites using the state to maintain higher profits.