Sachin on Nostr: When the state controls, 1. The means of exchange, which is money, through legal ...
When the state controls,
1. The means of exchange, which is money, through legal tender laws
2. The cost of capital, which is benchmark interest rates, through central banks
3. And the money supply, which is debt creation and contraction, through the central banks
It is Socialism.
1. The means of exchange, which is money, through legal tender laws
2. The cost of capital, which is benchmark interest rates, through central banks
3. And the money supply, which is debt creation and contraction, through the central banks
It is Socialism.
quoting nevent1q…yvh9Number 4, 5 and 6 of the suggested measures by Marx and Engels to achieve the goals of the communists in most countries (They actually come in this other in the text):
4. Confiscation of the property of all emigrants and rebels.
5. Centralisation of credit in the hands of the state, by means of a national bank with State capital and an exclusive monopoly.
6. Centralisation of the means of communication and transport in the hands of the State.
https://www.marxists.org/archive/marx/works/download/pdf/Manifesto.pdf