Money, Oil and Politics > Political Forum
Is "Communism" Inevitable?
Eighthman:
I hate authoritarianism. That said, I see Banksters pushing us towards defacto Communism.
Suppose the stock market crashes. The Fed can simply issue money out of thin air to buy up shares and it goes back up. Japan shows us that a central bank can do this indefinitely without crashing the economy or triggering general inflation - as long as you don't dump the money into the general economy. You just keep the "balloon" from deflating - but, if you don't restore good growth, they can't sell those assets. Like giving ever greater doses of Heroin to an addict.
Eventually, the Feds/Government pretty much own the economy, rich people find that their stocks are valued like rare postage stamps (good luck with that) and the angry masses need only vote themselves into exploiting That Which The Government Already Has.
Please show me how this fails to happen. It looks ugly.
ArMaP:
--- Quote from: Eighthman on July 13, 2017, 06:39:27 am ---I hate authoritarianism. That said, I see Banksters pushing us towards defacto Communism.
--- End quote ---
How is that "de facto Communism"? ???
Eighthman:
https://www.bloomberg.com/news/articles/2016-08-14/the-tokyo-whale-s-unstoppable-rise-to-shareholder-no-1-in-japan
Take a look at Japan's dilemma. To prop up their economy, their central bank is simply buying up the stock market. It's crazy and tells us what will happen if governments/banks are trapped.
If a government owns all the businesses/means of production, that's Communism to me. And that looks like where we are headed by default.
ArMaP:
--- Quote from: Eighthman on July 13, 2017, 05:40:14 pm ---If a government owns all the businesses/means of production, that's Communism to me.
--- End quote ---
OK, I understand it now. I think you're wrong, but I understand it. :)
Eighthman:
I think this is a fairly common set of definitions for Socialism and Communism - although they get confused. For example, Nazi Germany had lots of private businesses while the Soviet Union tended to own everything.
In any case, current headlines suggest that the Fed and ECB are hoping to reduce their bond holdings but I don't see that ever happening. The Japanese situation is crazy radical.
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