Sachin on Nostr: It seems like the link between central banks and socialism is not at all something ...
It seems like the link between central banks and socialism is not at all something that's appreciated by many.
It is not a capitalist system when the cost of capital itself is centrally planned through benchmark interest rates.
It creates a scarcity in capital and makes capital accumulation concentrated in the hands of a few, the same way price controls create scarcity in the supply of commodities and concentrate production in the hands of a few.
And then there's also this:
Number 4, 5 and 6 of the suggested measures by Marx and Engels to achieve the goals of the communists in most countries (They actually come in this other in the text):
4. Confiscation of the property of all emigrants and rebels.
5. Centralisation of credit in the hands of the state, by means of a national bank with State capital and an exclusive monopoly.
6. Centralisation of the means of communication and transport in the hands of the State.
https://www.marxists.org/archive/marx/works/download/pdf/Manifesto.pdf
Published at
2024-12-28 18:25:53Event JSON
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