4 ms·

This is a near trillion dollar government initiative to plan a post-oil economy. This isn't a result of the free market.

wormlord 2y ago
like clockwork...
- animal_spirits 2y ago
  I’m an easy catch with bait like that. Doesn’t change the facts though
  - wormlord 2y ago
    I am of the opinion that the Free Market is a fiction which has never existed and can never exist. The belief in a fictitious "Free Market" which is just a platonic ideal, is equally as ideological as a Marxist belief in a "new man" that arises from living under Socialism, however one of these ideas is considered hocum and the other is orthodoxy that is taught in elite universities. People who defend capitalism will point out that "well there is some market inefficiency (government interference, authoritarianism, subsidies) that actually makes this not real capitalism". In this example Saudi Arabia is a monarchist petrostate spending government money on stupid projects, so that's actually "not capitalism". This is the same as the meme of people saying "not real communism" when someone asks how they feel about Lenin murdering a bunch of people. Instead we should understand that capitalism is about private ownership of property, NOT a fictitious "Free Market" as Milton Friedman tried to re-center the conversation around. Understanding that capitalism is about ownership, and not markets, makes it clear that authoriatrianism and capitalism go hand-in-hand, as a strong and violent government exists to enforce the property rights of the owning class. The power structure of Saudi Arabia is fully compatible with capitalism as it exists throughout the "west" or the "free world".
    - renewiltord 2y ago
      Ultimately, I have seen millions die of starvation in one system and not in the other. So I'm going to take the latter. You argue the semantics and whatever terms you like.
      - wormlord 2y ago
        > So I'm going to take the latter You don't pick anything. Our rulers pick the system and we bend over backwards to justify it so we don't lose our minds. https://en.wikipedia.org/wiki/Bengal_famine_of_1943 https://en.wikipedia.org/wiki/Bengal_famine_of_1943
        renewiltord 2y ago
        I went from one to the other and life got better. Maybe you can’t pick but it turns out I can. Up to readers whether they want to be like you or like me.
        wormlord 2y ago
        I am glad your life improved, but your life personally improving doesn't change the political reality.
    - animal_spirits 2y ago
      Public ownership or private ownership, the capital owning class is going to fight for power. The difference is, almost all societies put the power over military and laws and taxation in the hands of the state. With public ownership (read state ownership) the incentives for the capital owning class is to control the state and the means to force (tax) people to pay for ridiculous projects like this Saudi line city in order to save their asses. The private sector can’t legally force me to pay for their projects, whereas the “public” sector can.
      - wormlord 2y ago
        I agree with everything you say up until: > The private sector can’t legally force me to pay for their projects, whereas the “public” sector can. What's stopping them from hiring a private military and enslaving you? Who will stop them? The government which they control in this scenario? Power is power, whether it is private or public. The main reason I argue with people on here and come across as annoying is that the reflexive defence of capitalism by people living under it is conditioned into them by society. I would like for people to recognize that "our guys" do a just as much harm as "the bad guys over there" instead of rushing to justify some atrocity because well, it's our atrocity.
CapitalTntcls 2y ago
BOMB: In Capitalism the government is an tool controlled by billionaires to protect their interest.

wormlord 2y ago

like clockwork...

animal_spirits 2y ago
I’m an easy catch with bait like that. Doesn’t change the facts though
- wormlord 2y ago
  I am of the opinion that the Free Market is a fiction which has never existed and can never exist. The belief in a fictitious "Free Market" which is just a platonic ideal, is equally as ideological as a Marxist belief in a "new man" that arises from living under Socialism, however one of these ideas is considered hocum and the other is orthodoxy that is taught in elite universities. People who defend capitalism will point out that "well there is some market inefficiency (government interference, authoritarianism, subsidies) that actually makes this not real capitalism". In this example Saudi Arabia is a monarchist petrostate spending government money on stupid projects, so that's actually "not capitalism". This is the same as the meme of people saying "not real communism" when someone asks how they feel about Lenin murdering a bunch of people. Instead we should understand that capitalism is about private ownership of property, NOT a fictitious "Free Market" as Milton Friedman tried to re-center the conversation around. Understanding that capitalism is about ownership, and not markets, makes it clear that authoriatrianism and capitalism go hand-in-hand, as a strong and violent government exists to enforce the property rights of the owning class. The power structure of Saudi Arabia is fully compatible with capitalism as it exists throughout the "west" or the "free world".
  - renewiltord 2y ago
    Ultimately, I have seen millions die of starvation in one system and not in the other. So I'm going to take the latter. You argue the semantics and whatever terms you like.
    - wormlord 2y ago
      > So I'm going to take the latter You don't pick anything. Our rulers pick the system and we bend over backwards to justify it so we don't lose our minds. https://en.wikipedia.org/wiki/Bengal_famine_of_1943 https://en.wikipedia.org/wiki/Bengal_famine_of_1943
      - renewiltord 2y ago
        I went from one to the other and life got better. Maybe you can’t pick but it turns out I can. Up to readers whether they want to be like you or like me.
        wormlord 2y ago
        I am glad your life improved, but your life personally improving doesn't change the political reality.
  - animal_spirits 2y ago
    Public ownership or private ownership, the capital owning class is going to fight for power. The difference is, almost all societies put the power over military and laws and taxation in the hands of the state. With public ownership (read state ownership) the incentives for the capital owning class is to control the state and the means to force (tax) people to pay for ridiculous projects like this Saudi line city in order to save their asses. The private sector can’t legally force me to pay for their projects, whereas the “public” sector can.
    - wormlord 2y ago
      I agree with everything you say up until: > The private sector can’t legally force me to pay for their projects, whereas the “public” sector can. What's stopping them from hiring a private military and enslaving you? Who will stop them? The government which they control in this scenario? Power is power, whether it is private or public. The main reason I argue with people on here and come across as annoying is that the reflexive defence of capitalism by people living under it is conditioned into them by society. I would like for people to recognize that "our guys" do a just as much harm as "the bad guys over there" instead of rushing to justify some atrocity because well, it's our atrocity.

CapitalTntcls 2y ago

BOMB: In Capitalism the government is an tool controlled by billionaires to protect their interest.