tag:blogger.com,1999:blog-2761684730989137546.post4989835196145612782..comments2024-03-18T19:09:18.510-04:00Comments on Mike Norman Economics: Eric Schliesser — On the Crisis of Liberalismmike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-2761684730989137546.post-38183903669304142002018-10-30T14:40:45.254-04:002018-10-30T14:40:45.254-04:00Andrew wrote: "Yes, but my point is that curr...Andrew wrote: "Yes, but my point is that current share-owners are loath to dilute their proportion of company ownership - not if they can legally steal instead."<br /><br />Yes, along with the loathing of the libertarians, which institution will flourish and become the system of the future? <br /><br />People are searching for alternatives to the status quo of constraint which isn't necessarily an alternative to capitalism. Capitalism may just require the universe's infinite resources to reach its full potential.Davidhttps://www.blogger.com/profile/01860039761890602995noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-67878910322936645432018-10-30T13:03:45.299-04:002018-10-30T13:03:45.299-04:00Corporate shares, in certain circumstances, are se...<i>Corporate shares, in certain circumstances, are seen as more valuable since they carry the right to vote in proportion to ownership.</i> David<br /><br />Yes, but my point is that current share-owners are loath to dilute their proportion of company ownership - not if they can legally steal instead.<br /><br />And think how much more "equitable" our society would be if equity owners had not had the ability to bypass the need to share their equity? Yet that's exactly what government privileges for the banks do; they allow equity owners to bypass the need to share.Andrew Andersonhttps://www.blogger.com/profile/14296407661618321637noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-44216910839894676452018-10-30T10:56:52.775-04:002018-10-30T10:56:52.775-04:00Andrew wrote, “Otoh, common stock is an ethically ...Andrew wrote, “Otoh, common stock is an ethically superb private money form that requires no government privilege.”<br /><br />The republic “one person one vote” replaced by <br /><br />the international corporation “one share one vote”<br /><br />Given the variety of institutions (dictatorships) that survive for decades with no vote, shares could be a step up if voting is what determines institutional longevity.<br /><br />Andrew wrote”But, currently, why should a company wish to issue more shares when it can legally steal via loans from what is, in essence, a government-enabled counterfeiting for usury cartel? ”. <br /><br />Corporate shares, in certain circumstances, are seen as more valuable since they carry the right to vote in proportion to ownership.<br /><br />If you are a competent producer, would you rather trade your output for money issued by an institution you get more votes the more you sell to, or one that offers a single vote?Davidhttps://www.blogger.com/profile/01860039761890602995noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-37626611862633094562018-10-30T03:51:50.554-04:002018-10-30T03:51:50.554-04:00and the new banks will use e-money technology to t...<i>and the new banks will use e-money technology to transition away from republic control.</i> David<br /><br />Though 100% private banks with 100% voluntary depositors might safely create a few deposits/liabilities, it takes government-provided deposit insurance and other privileges for banks to enable them to safely create <i>many</i> deposits.<br /><br />Otoh, common stock is an ethically superb private money form that requires no government privilege. But, currently, why should a company wish to issue more shares when it can legally steal via loans from what is, in essence, a government-enabled counterfeiting for usury cartel?Andrew Andersonhttps://www.blogger.com/profile/14296407661618321637noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-49317591882593758102018-10-30T00:54:41.396-04:002018-10-30T00:54:41.396-04:00I agree that we are in institutional transition, j...I agree that we are in institutional transition, just as the transition that split the shaman/priest/ruler eons ago. There seems to have been various societies (Romans, Egyptians, Babylonians etc.) that flourished until they didn't. Perhaps it was their finite focus on the accumulation of physical resources (land, gold, slaves) that brought about their downfall.<br /><br />I agree that the dark ages split the church/bank/government with a new 'Rome' emerging from the enlightenment leading to leaps in the Arts and Sciences as well as banking and government.<br /><br />What I find missing is the more recent emergence of international corporations attempting to break free of the church(immorality), banking(monopoly fiat), government (regulations, taxes). <br /><br />The international corporation, almost by definition, is a group of people that want to operate as an independent entity in the infinite realm. <br /><br />Mars will be colonized by such a group. What morality guides this group's actions as they spend a new e- money while writing the laws and regulations to govern their actions?<br /><br />International corporations are the new government, charitable foundations are the new church(basically no cap IRA's with 5% required minimum distributions with infinite lifespans), and the new banks will use e-money technology to transition away from republic control.<br /><br /><br />Davidhttps://www.blogger.com/profile/01860039761890602995noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-52835697587409991532018-10-29T15:10:07.852-04:002018-10-29T15:10:07.852-04:00.
--OFF TOPIC --
I see that the social media plat....<br />--OFF TOPIC --<br /><br />I see that the social media platform <b>“Gab”</b> has been purged from the Internet because accused synagogue shooter Robert Bowers posted some comments on “Gab.”<br /><br />So much for, <i>“It’s a private company, so they can do whatever they want.”</i><br /><br />So much for, <i>“If you don’t like being purged from Twitter and Facebook, then start your own social media.”</i><br /><br />The hypocrisy in American society is staggering.Konradhttps://www.blogger.com/profile/01739209449391854796noreply@blogger.com