3 ms·

You had me for 2 paragraphs. But claiming that a branch of economics is trying to implement communism but somehow hide in plain sight, is a real stretch. Like

You had me for 2 paragraphs. But claiming that a branch of economics is trying to implement communism but somehow hide in plain sight, is a real stretch. Like a giant leap over the grand canyon stretch. Is there anything to this argument? I really would like to know. I read a recent theory that late stage capitalism does naturally morph into socialism, as a way for the rich to quell dissent in the poor. But not sure that is what you are going for here.

Eumenes 3y ago
The federal reserve is hiding in 'plain sight' ... You could argue that a monopoly of large commercial banks regulated by a federal centralized government fixes the market to a degree.
- FrustratedMonky 3y ago
  Still. It is still a pretty huge leap that because the Fed is a central bank, that we are really communists.
- FrustratedMonky 3y ago
  I really just want imtringued to explain a few more links in the chain of reasoning. It sounds like something I heard recently that we'll have a veneer of socialism, to hide the fact that the rich are in control (central bank, monopolies). Just not sure I'm reading into this post correctly.
uxp100 3y ago
> recent theory that late stage capitalism does naturally morph into socialism I think this is a quite old theory, and well, who knows on the scale of history, but I am pretty skeptical about it over the last 50 years.
pessimizer 3y ago
> But claiming that a branch of economics is trying to implement communism but somehow hide in plain sight, is a real stretch. I think it's usually called corporatism, or literally called fascism (the Italian version, not whatever liberal Democrats mean when they say it.) For me, the test hypothetical is how one would like literal chattel slavery if laws and diligent inspections limited slave work hours to 6 hours a day with a max of 24 hours a week, slave quarters looked like fancy college dorms, families were given the right to stay together, and slaves all had iPhones and Netflix. If slavery starts to sound more appealing, you might lean towards corporatism or national syndicalism.

Eumenes 3y ago

The federal reserve is hiding in 'plain sight' ... You could argue that a monopoly of large commercial banks regulated by a federal centralized government fixes the market to a degree.

FrustratedMonky 3y ago
Still. It is still a pretty huge leap that because the Fed is a central bank, that we are really communists.
FrustratedMonky 3y ago
I really just want imtringued to explain a few more links in the chain of reasoning. It sounds like something I heard recently that we'll have a veneer of socialism, to hide the fact that the rich are in control (central bank, monopolies). Just not sure I'm reading into this post correctly.

uxp100 3y ago

> recent theory that late stage capitalism does naturally morph into socialism I think this is a quite old theory, and well, who knows on the scale of history, but I am pretty skeptical about it over the last 50 years.

pessimizer 3y ago

> But claiming that a branch of economics is trying to implement communism but somehow hide in plain sight, is a real stretch. I think it's usually called corporatism, or literally called fascism (the Italian version, not whatever liberal Democrats mean when they say it.) For me, the test hypothetical is how one would like literal chattel slavery if laws and diligent inspections limited slave work hours to 6 hours a day with a max of 24 hours a week, slave quarters looked like fancy college dorms, families were given the right to stay together, and slaves all had iPhones and Netflix. If slavery starts to sound more appealing, you might lean towards corporatism or national syndicalism.