by Summary:
Industrial vs. Finance Capitalism Clash
Topics:
Steve Keen considers the following as important:
This could be interesting, too:
Industrial vs. Finance Capitalism Clash
Topics:
Steve Keen considers the following as important:
This could be interesting, too:
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| Industrial vs. Finance Capitalism Clash |
Look, I’m telling you right now. You have to remove this word “Capitalism” from your vocabulary right now. It’s Mythonomics (just like Socialism, Communism, Libertarianism and Anarchism).
The proper terms?
It’s Chartalism vs. Rentierism.
Every corporation ever created is an agent of the government that allowed its existence.
A corporation cannot exist without a government.
Corporations are creatures of the government.
If Financial Capitalism were not associated with politicians, corruption and deformation of economic governance, we could ask the MMT Provisioning question as to how and why these Digital Recordings, fiat finance, gets piled up as Dark Pools looking for profitable investments or Interest on contract exchange loans etc, because in the Provisioning model, the money is destroyed when it's reason for creation has concluded its cycle purpose. If a non government issuance of finance is not then backed by legislation and official currency, it's Dark Money criminality against proper government(?), i.e., fraud or counterfeit.