President Donald Trump has signed an executive order directing the Treasury Department to shut down bank accounts used to support illegal immigration. Trump announced the order in a June 2 Truth Social post, saying it targets the banks, credit card companies, and other financial institutions that ...
So should we be pulling cash out right now or is that me just panicking?
Eh, well, despite the narrative that protestors are lazy and wealthy, most of us take a loss to get the day off to protest. Freezing my over-drawn account is not the worst thing to happen to me. By all means, make capitalism impossible, we’ll just be forced to barter and trade.
Just want to point out that they are adding friction to commerce or making it “impossible” as you say for some people, but that isn’t making capitalism impossible. Corporate Authoritarianism is basically the logical outcome of capitalism and we are there now.
Too many people conflate capitalism with commerce. You can totally have a different system and still have a similar type of commerce that we know today.
The best way to demonstrate this is by playing Monopoly with a competitive family and not insisting to play strictly by the rulebook. The winners (capitalists) will invent all sorts of ways to keep the game dragging on while still inflicting financial pain on the other players. They will loan money at ridiculous rates, they will buy stuff off people out of turn so they can remain solvent, they will let them have just enough money to collect $200 by passing go, but not enough money to ever exit the game.
Eh, well, despite the narrative that protestors are lazy and wealthy, most of us take a loss to get the day off to protest. Freezing my over-drawn account is not the worst thing to happen to me. By all means, make capitalism impossible, we’ll just be forced to barter and trade.
Just want to point out that they are adding friction to commerce or making it “impossible” as you say for some people, but that isn’t making capitalism impossible. Corporate Authoritarianism is basically the logical outcome of capitalism and we are there now.
Too many people conflate capitalism with commerce. You can totally have a different system and still have a similar type of commerce that we know today.
Yep. Too many entrepreneurs think they’re capitalists. Small business owner operators protecting a system that protects the interest of financiers.
AKA petit bourgeoisie
Why’s everyone making such a big deal? It’s just a petit bourgeoisie!
It’s funny (as in not at all) because I said the same thing a few years back and people thought I was crazy
The best way to demonstrate this is by playing Monopoly with a competitive family and not insisting to play strictly by the rulebook. The winners (capitalists) will invent all sorts of ways to keep the game dragging on while still inflicting financial pain on the other players. They will loan money at ridiculous rates, they will buy stuff off people out of turn so they can remain solvent, they will let them have just enough money to collect $200 by passing go, but not enough money to ever exit the game.