5 ms·

Almost as if capital naturally accrues to capital... hmm... If only these people would vote for folks who stand a chance of adding friction to this process.

fungi 1y ago
[flagged]
like_any_other 1y ago
Yeah, it's a mystery why they don't vote for those folks... The Biden Administration Is Still Banning White Farmers From Federal Aid - https://thefederalist.com/2021/09/20/the-biden-administration-is-still-banning-white-farmers-from-federal-aid/ https://thefederalist.com/2021/09/20/the-biden-administratio...
- estearum 1y ago
  Yeah I can see how this leaves a bad taste. A few bullets I found interesting while looking into this: 1. It was repealed in (also the Biden admin's) IRA about a year later 2. The argument for special programs for racial minority farmers is that only 1% of COVID aid for farmers went to minority farmers, largely because such aid was dolled out based on existing holdings/historical output. Minority farmers have been excluded from USDA development programs for generations now, so their holdings/output left them unable to benefit from from the COVID aid Altogether seems like a reasonable problem to try to solve, but not a good way to solve it, and it's good that it got repealed ~14 months later for a race-blind version of the same program.
  - like_any_other 1y ago
    Oh they could probably swallow one specific program. The problem is that entire side of the political spectrum (not just the Democratic party itself) considers them somewhere between second-class citizen or outright enemy. Another example: https://pbs.twimg.com/media/Gz4GMoOW0AAC5M5.jpg https://pbs.twimg.com/media/Gz4GMoOW0AAC5M5.jpg
    - estearum 1y ago
      As a straight, white, male I don't really feel that I'm a second-class citizen nor the enemy. Have you considered getting off Twitter for a while? It's not clear to me the federal judiciary should match the composition of the population of lawyers as opposed to the composition of the people whom they judge. In fact as you can see here, Obama appointed people largely similar to what you'd expect to see in the population (without bothering to look into specific geographies). It was Trump who was wildly aberrational. In fact even more aberrational than Biden, who at least has the believable rationale of trying to rebalance the courts after Trump took such a pro-male (76%!!) and pro-white (85%!!) approach. For context, the US is <50% male, and about 60% white. https://www.acslaw.org/judicial-nominations/diversity-of-the-federal-bench/ https://www.acslaw.org/judicial-nominations/diversity-of-the...
  - e40 1y ago
    There is always nuance, but that never matters because the headline is all people see and that makes them angry. “Help for 1% of minority farmers” isn’t as juicy and doesn’t further an agenda.
    - like_any_other 1y ago
      There's a million other similar incidents: The city is training white municipal employees to overcome their “internalized racial superiority.” - https://www.city-journal.org/seattle-interrupting-whiteness-training https://www.city-journal.org/seattle-interrupting-whiteness-... Pennsylvania launched business grants that excluded white-owned businesses* - https://web.archive.org/web/20241218025310/https://dced.pa.gov/newsroom/shapiro-davis-administration-opens-historically-disadvantaged-business-assistance-program-to-support-and-empower-small-businesses-across-pennsylvania/ https://web.archive.org/web/20241218025310/https://dced.pa.g... FAA turned away applicants based on (white) race - https://www.wsj.com/articles/affirmative-action-lands-in-the-air-traffic-control-tower-1433283292 https://www.wsj.com/articles/affirmative-action-lands-in-the... Illinois runs a scholarship that excludes white applicants - https://www.ibhe.org/dfiapplicant.html https://www.ibhe.org/dfiapplicant.html Biden calls white supremacy ‘most dangerous terrorist threat’ in speech at Howard - https://www.politico.com/news/2023/05/13/biden-howard-university-white-supremacy-terrorism-00096811 https://www.politico.com/news/2023/05/13/biden-howard-univer... And while government excludes and demonizes them, whites are not even allowed to leave without condemnation and legal threats (only threats so far) - https://www.tmz.com/2025/07/24/arkansas-attorney-general-slams-white-supremacy-group-return-to-the-land/ https://www.tmz.com/2025/07/24/arkansas-attorney-general-sla... At some point you just have to believe them when they tell you who they are.
      - estearum 1y ago
        1. Seattle: The training was optional. Seems not that crazy to offer? 2. Pennsylvania: There are all sorts of programs designed to combat specific problems -- in this case the program was designed to counteract the fact that certain racial groups have been excluded from financial services for a long time. Would you characterize an aid program that only serves veterans to be discriminatory against non-veterans? 3. FAA: You should probably not cite an op-ed as a source, let me know if you'd like to provide another 4. See point (2) 5. Biden was citing the FBI itself, which at the time was led by Trump appointee Chris Wray [https://www.judiciary.senate.gov/imo/media/doc/2023-12-05_-_testimony_-_wray.pdf https://www.judiciary.senate.gov/imo/media/doc/2023-12-05_-_...] 6. You're lamenting that people get legal threats for creating obviously discriminatory white-only towns? Welp, thanks for outing yourself. Indeed, at some point you just have to believe them when they tell you who they are.
- cosmicgadget 1y ago
  ... from a specific federal aid program.
thayne 1y ago
Unfortunately, from what I've seen the only candidates who seem legitimately interested in solving the problem don't stand a chance of getting elected, because they don't belong to either of the major parties.
missedthecue 1y ago
I don't think capital naturally accrues capital. Look at any country that experimented with "land reform", i.e. taking land from capitalists and distributing it to the workers. I'll save you the wikipedia read. Production collapses, less is sold, less is earned, people become poorer. Capital is destroyed.
- nairboon 1y ago
  > I don't think capital naturally accrues capital. It depends on the monetary system. Those monetary systems that mostly accompanied capitalism have a feature that leads to this capital accumulation effect: interest/debt. Financial capital is kept in banks, which deposit it at their central bank. There it naturally accrues more capital due to interest. (Except in exceptional circumstances like the Swiss negative interest period)
  - missedthecue 1y ago
    But still, lots of lenders go bust. Lots of loans end up non-performing. Interest isn't a free money loophole, it's profit in exchange for risk. Presently, the safety of bank deposits are in most countries guaranteed by the government, but before this they weren't risk free either. That's why bank runs happened. People panicked to get their capital out before it was gone.
    - nairboon 1y ago
      In the private market: yes the interest is a compensation for the risk taken by the lender. However certain institutions like banks have access to so called "risk free" lending. They can (must) deposit capital at the central bank and get paid interest. In the US this would be the "interest on reserve balances" or through reverse repo transactions, where the FED pays the interest. From the point of view of the bank (inside a financial system) this is risk free profit.
  - Jensson 1y ago
    > It depends on the monetary system No it doesn't, regardless of which monetary system you can invest resources to make more resources. Communists also does this, tribes also does this, everyone does this, having more lets you invest to get even more.

fungi 1y ago

[flagged]

like_any_other 1y ago

Yeah, it's a mystery why they don't vote for those folks... The Biden Administration Is Still Banning White Farmers From Federal Aid - https://thefederalist.com/2021/09/20/the-biden-administration-is-still-banning-white-farmers-from-federal-aid/ https://thefederalist.com/2021/09/20/the-biden-administratio...

estearum 1y ago
Yeah I can see how this leaves a bad taste. A few bullets I found interesting while looking into this: 1. It was repealed in (also the Biden admin's) IRA about a year later 2. The argument for special programs for racial minority farmers is that only 1% of COVID aid for farmers went to minority farmers, largely because such aid was dolled out based on existing holdings/historical output. Minority farmers have been excluded from USDA development programs for generations now, so their holdings/output left them unable to benefit from from the COVID aid Altogether seems like a reasonable problem to try to solve, but not a good way to solve it, and it's good that it got repealed ~14 months later for a race-blind version of the same program.
- like_any_other 1y ago
  Oh they could probably swallow one specific program. The problem is that entire side of the political spectrum (not just the Democratic party itself) considers them somewhere between second-class citizen or outright enemy. Another example: https://pbs.twimg.com/media/Gz4GMoOW0AAC5M5.jpg https://pbs.twimg.com/media/Gz4GMoOW0AAC5M5.jpg
  - estearum 1y ago
    As a straight, white, male I don't really feel that I'm a second-class citizen nor the enemy. Have you considered getting off Twitter for a while? It's not clear to me the federal judiciary should match the composition of the population of lawyers as opposed to the composition of the people whom they judge. In fact as you can see here, Obama appointed people largely similar to what you'd expect to see in the population (without bothering to look into specific geographies). It was Trump who was wildly aberrational. In fact even more aberrational than Biden, who at least has the believable rationale of trying to rebalance the courts after Trump took such a pro-male (76%!!) and pro-white (85%!!) approach. For context, the US is <50% male, and about 60% white. https://www.acslaw.org/judicial-nominations/diversity-of-the-federal-bench/ https://www.acslaw.org/judicial-nominations/diversity-of-the...
- e40 1y ago
  There is always nuance, but that never matters because the headline is all people see and that makes them angry. “Help for 1% of minority farmers” isn’t as juicy and doesn’t further an agenda.
  - like_any_other 1y ago
    There's a million other similar incidents: The city is training white municipal employees to overcome their “internalized racial superiority.” - https://www.city-journal.org/seattle-interrupting-whiteness-training https://www.city-journal.org/seattle-interrupting-whiteness-... Pennsylvania launched business grants that excluded white-owned businesses* - https://web.archive.org/web/20241218025310/https://dced.pa.gov/newsroom/shapiro-davis-administration-opens-historically-disadvantaged-business-assistance-program-to-support-and-empower-small-businesses-across-pennsylvania/ https://web.archive.org/web/20241218025310/https://dced.pa.g... FAA turned away applicants based on (white) race - https://www.wsj.com/articles/affirmative-action-lands-in-the-air-traffic-control-tower-1433283292 https://www.wsj.com/articles/affirmative-action-lands-in-the... Illinois runs a scholarship that excludes white applicants - https://www.ibhe.org/dfiapplicant.html https://www.ibhe.org/dfiapplicant.html Biden calls white supremacy ‘most dangerous terrorist threat’ in speech at Howard - https://www.politico.com/news/2023/05/13/biden-howard-university-white-supremacy-terrorism-00096811 https://www.politico.com/news/2023/05/13/biden-howard-univer... And while government excludes and demonizes them, whites are not even allowed to leave without condemnation and legal threats (only threats so far) - https://www.tmz.com/2025/07/24/arkansas-attorney-general-slams-white-supremacy-group-return-to-the-land/ https://www.tmz.com/2025/07/24/arkansas-attorney-general-sla... At some point you just have to believe them when they tell you who they are.
    - estearum 1y ago
      1. Seattle: The training was optional. Seems not that crazy to offer? 2. Pennsylvania: There are all sorts of programs designed to combat specific problems -- in this case the program was designed to counteract the fact that certain racial groups have been excluded from financial services for a long time. Would you characterize an aid program that only serves veterans to be discriminatory against non-veterans? 3. FAA: You should probably not cite an op-ed as a source, let me know if you'd like to provide another 4. See point (2) 5. Biden was citing the FBI itself, which at the time was led by Trump appointee Chris Wray [https://www.judiciary.senate.gov/imo/media/doc/2023-12-05_-_testimony_-_wray.pdf https://www.judiciary.senate.gov/imo/media/doc/2023-12-05_-_...] 6. You're lamenting that people get legal threats for creating obviously discriminatory white-only towns? Welp, thanks for outing yourself. Indeed, at some point you just have to believe them when they tell you who they are.
cosmicgadget 1y ago
... from a specific federal aid program.

thayne 1y ago

Unfortunately, from what I've seen the only candidates who seem legitimately interested in solving the problem don't stand a chance of getting elected, because they don't belong to either of the major parties.

missedthecue 1y ago

I don't think capital naturally accrues capital. Look at any country that experimented with "land reform", i.e. taking land from capitalists and distributing it to the workers. I'll save you the wikipedia read. Production collapses, less is sold, less is earned, people become poorer. Capital is destroyed.

nairboon 1y ago
> I don't think capital naturally accrues capital. It depends on the monetary system. Those monetary systems that mostly accompanied capitalism have a feature that leads to this capital accumulation effect: interest/debt. Financial capital is kept in banks, which deposit it at their central bank. There it naturally accrues more capital due to interest. (Except in exceptional circumstances like the Swiss negative interest period)
- missedthecue 1y ago
  But still, lots of lenders go bust. Lots of loans end up non-performing. Interest isn't a free money loophole, it's profit in exchange for risk. Presently, the safety of bank deposits are in most countries guaranteed by the government, but before this they weren't risk free either. That's why bank runs happened. People panicked to get their capital out before it was gone.
  - nairboon 1y ago
    In the private market: yes the interest is a compensation for the risk taken by the lender. However certain institutions like banks have access to so called "risk free" lending. They can (must) deposit capital at the central bank and get paid interest. In the US this would be the "interest on reserve balances" or through reverse repo transactions, where the FED pays the interest. From the point of view of the bank (inside a financial system) this is risk free profit.
- Jensson 1y ago
  > It depends on the monetary system No it doesn't, regardless of which monetary system you can invest resources to make more resources. Communists also does this, tribes also does this, everyone does this, having more lets you invest to get even more.