AgoristView on Nostr: If govt has a central bank that controls interest rates & money creation & they ...
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.
Published at
2024-05-04 03:52:21Event JSON
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"content": "If govt has a central bank that controls interest rates \u0026 money creation \u0026 they control \u0026 regulate all banks, then we basically have communism laundered under \"capitalist\" labels.\n\nWith enough regulatory control \u0026 taxation \u0026 subsidization, nationalization of industry is unnecessary \u0026 would produce no significant difference in conditions.",
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