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Capitalism and Corporations.
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<blockquote data-quote="wkmac" data-source="post: 1460344" data-attributes="member: 2189"><p>If the Federal Reserve is so good, then how have we ended up with Corporatism of a scale never seen, even global in it's reach? If the Federal Reserve was intended to prevent this, it would seem it has failed in that mission. I would argue that capitalism can't exist without a centralized bank and a monopoly monetary system also enforced by the State. With no such monopoly people are free in the market ie free market to create their own means of exchange by the power of contract or agreement. Even various means of mutual exchange like cooperatives or other voluntary mutualist means could easily exist in the marketplace. Under the current economic model of so-called capitalism there exists no such open competitive free market and all by color of law are forced into a monopolized cash nexus of which both Crony Capitalism (Corporatism if you will) along with it's partner the State equally benefit. Both serve their own interests in shifting wealth from the working middle, lower and poor class into the hands of the privileged class who controls the gun in the room otherwise known as the police powers.</p><p></p><p>It is true that people can and will be bribed as you call it but in a de-centralized society, those who fall to the bribery are (1) limited by the fact that power isn't centralized, thus isolation limits the disease so to speak and (2) it doesn't exist under the authority of the color of law as it does now. People would be more prone to law as someone trying to throw their weight around just as we would laugh at Napoleon if he showed up in any town square and started ordering people around. After laughing, we'd call the guys in the white coats to get him some help.</p><p></p><p>Besides, without the State in the first place, how would Corporations achieve the special privileges say limited liability for example that it enjoys now only as a result of the illusion and color of law? States create corporations in the sense of their power. The corporations beg the State for the special privilege that doesn't exist in nature but only by divine decree. Those decrees were once of the King and now are the action of the State. In other words, if there is no State to grant the Corp. Privilege status, who would do so that the people as a whole would recognize as such having that authority?</p></blockquote><p></p>
[QUOTE="wkmac, post: 1460344, member: 2189"] If the Federal Reserve is so good, then how have we ended up with Corporatism of a scale never seen, even global in it's reach? If the Federal Reserve was intended to prevent this, it would seem it has failed in that mission. I would argue that capitalism can't exist without a centralized bank and a monopoly monetary system also enforced by the State. With no such monopoly people are free in the market ie free market to create their own means of exchange by the power of contract or agreement. Even various means of mutual exchange like cooperatives or other voluntary mutualist means could easily exist in the marketplace. Under the current economic model of so-called capitalism there exists no such open competitive free market and all by color of law are forced into a monopolized cash nexus of which both Crony Capitalism (Corporatism if you will) along with it's partner the State equally benefit. Both serve their own interests in shifting wealth from the working middle, lower and poor class into the hands of the privileged class who controls the gun in the room otherwise known as the police powers. It is true that people can and will be bribed as you call it but in a de-centralized society, those who fall to the bribery are (1) limited by the fact that power isn't centralized, thus isolation limits the disease so to speak and (2) it doesn't exist under the authority of the color of law as it does now. People would be more prone to law as someone trying to throw their weight around just as we would laugh at Napoleon if he showed up in any town square and started ordering people around. After laughing, we'd call the guys in the white coats to get him some help. Besides, without the State in the first place, how would Corporations achieve the special privileges say limited liability for example that it enjoys now only as a result of the illusion and color of law? States create corporations in the sense of their power. The corporations beg the State for the special privilege that doesn't exist in nature but only by divine decree. Those decrees were once of the King and now are the action of the State. In other words, if there is no State to grant the Corp. Privilege status, who would do so that the people as a whole would recognize as such having that authority? [/QUOTE]
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