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Yup. Repeated radical cashectomies, until wealth inequity is decidedly pro-democracy. Alas, from the little I've read about both reform (new legislation) and

Yup. Repeated radical cashectomies, until wealth inequity is decidedly pro-democracy. Alas, from the little I've read about both reform (new legislation) and revolution (new constitution), the wealthy elite squirm thru, never truly losing their power advantage. (Probably because any new agenda still needs to be capitalized.) eg The Nordic model worked pretty well for a while. But weren't durable enough. Allowing the Wormtongues to undermine it all, one millimeter at a time. Opening the door for another cycle of revanchism.

59percentmore 1mo ago
Ironically, the only way out of a volatility spiral (inflationary, deflationary, doesn't matter) is radical application of private capital to public good. Whether you're dealing with an economy that has locked up because of falling asset prices, or an economy that's insolvent because no amount of inflation can outstrip rising interest rates, the answer is to commandeer capital from those most likely to survive its absence so that it can be used to stabilize and make sustainable real production. "But incentives." The aftermath of this is an authority (still deriving its power from the will of the people) that's shown that it will keep you housed and with food on the table, and still able to access education and creativity and community and healthcare, and all you have to do is keep working like you always have and give up your exceedingly remote chance of one day being an oligarch or living on Mars. The elite are terrified that we'll realize how good of a deal it is.
- 59percentmore 1mo ago
  Went from 3 points up for 4 hours to 0 in the 5th. It's always funny to me how threatened the sockpuppet brigaders are by small posts like this. They really can't stomach the idea getting even the littlest bit of traction. Well, I'll say it again: capital redistribution is our way out of this. Our elite can stomach only owning one or two houses and businesses in exchange for saving the entire system from collapse.
  - rudolftheone 1mo ago
    [flagged]
  - specialist 1mo ago
    Yup. We wouldn't even be having this conversation had capital shared the surplus (profits) with labor. There'd be no oxygen for Sanders, AOC, DSA style proposals (the very modest, proven, and just slightly left-of-center Nordic Model) had the corporatists simply honored The New Deal and Great Society social contracts. Alas, the "free enterprise" types want the whole pie.

59percentmore 1mo ago

Ironically, the only way out of a volatility spiral (inflationary, deflationary, doesn't matter) is radical application of private capital to public good. Whether you're dealing with an economy that has locked up because of falling asset prices, or an economy that's insolvent because no amount of inflation can outstrip rising interest rates, the answer is to commandeer capital from those most likely to survive its absence so that it can be used to stabilize and make sustainable real production. "But incentives." The aftermath of this is an authority (still deriving its power from the will of the people) that's shown that it will keep you housed and with food on the table, and still able to access education and creativity and community and healthcare, and all you have to do is keep working like you always have and give up your exceedingly remote chance of one day being an oligarch or living on Mars. The elite are terrified that we'll realize how good of a deal it is.

59percentmore 1mo ago
Went from 3 points up for 4 hours to 0 in the 5th. It's always funny to me how threatened the sockpuppet brigaders are by small posts like this. They really can't stomach the idea getting even the littlest bit of traction. Well, I'll say it again: capital redistribution is our way out of this. Our elite can stomach only owning one or two houses and businesses in exchange for saving the entire system from collapse.
- rudolftheone 1mo ago
  [flagged]
- specialist 1mo ago
  Yup. We wouldn't even be having this conversation had capital shared the surplus (profits) with labor. There'd be no oxygen for Sanders, AOC, DSA style proposals (the very modest, proven, and just slightly left-of-center Nordic Model) had the corporatists simply honored The New Deal and Great Society social contracts. Alas, the "free enterprise" types want the whole pie.