• 0 Posts
  • 2 Comments
Joined 11 months ago
cake
Cake day: February 27th, 2024

help-circle
  • We haven’t had capitalism in any sense of the word for about 60 years at this point. What we have seen is government interventionism in a protection of certain businesses that align with the interests of the sitting politicians - in other words, a form of Oligarchy.

    What has transpired is an increasing degree of government deficits to fund entitlements, that drive inflation, which create more dependency on the entitlements and a call to do things like raise minimum wages.

    The actual solution is: Trim federal spending, go into deflation, and drive the buying power of the currency up. This would allow people to pay down debts while maintaining standard of living, and allow for a reduction of dependency on hand outs - which would allow for a further reduction in government spending. The problem here is that the first step ABSOLUTELY SUCKS for a LOT of people - but it needs to be done.

    From here: The big hedge funds, and such need to be ripped apart systemically.


  • It’s also worth noting the term is “capture”. And outside of rare instance - you didn’t really want to kill knights and the like: You captured them, and ransomed them back to their family/liege lord etc.

    And there is a reason the term “Kings Ransom” exists. John the II of France for instance was captured, and Ransomed for something like 300000 gold coins of the day - something like 300 million or up to about 3 billion in today’s dollars (conversion is a little fuzzy but to put it simply: A BLOODY TONNE OF MONEY).