pull down to refresh
0 sats \ 8 replies \ @Solomonsatoshi 6 Oct \ parent \ on: Government’s Eternal Hunger for a Free Lunch econ
By providing the legal framework and enforcement that gives property rights and contracts reliable value and the incentive for capital to invest.
Without the legal system and rules based law that only a government can provision there is very little solid basis for anyone to invest serious time effort and capital.
“Legal framework”
“Property rights”
And please tell me sir, is the forced use of USD inflation currency and debasement of my labor part of this PROPERTY RIGHTS that GOVERNMENT “GIVES” ME?
reply
Do you understand the nature of reciprocal relationships?
Governments and citizens have obligations toward each other.
Debasement of currency is a form of indirect taxation.
In the case of the US and the extraordinary privilege it enjoys by being the dominant global reserve currency issuer, USA can effectively indirectly 'tax' not just US, citizens but all participants the global financial system.
Do you understand how that gives both the US government AND US citizens considerable and extraordinary privilege relative to all other people globally???
That is certainly part of the reason I like and hold Bitcoin- it reduces the ability of US banksters and government to steal from/'tax' me, as a New Zealand citizen.
reply
Regular US citizens get zero benefit from it. Manufacturing jobs are shipped overseas and immigrants shipped in for service labor because of it and wages for working class inside USA suffer.
I’m not here to debate with you about “how” the government is doing or how we would reform it.
The problem is that “the government” exists.
The government is institutionalized robbery and legal mass murder.
Sheep like you are why the human race is constantly subjected to its existence.
reply
USA and its citizens have enjoyed trillions of dollars worth of free goods and services due to their extraordinary privilege of being the primary and dominant reserve currency issuer- if you do not understand this I don't have the time or energy to educate you.
It's Econ 101 basics - that you are obviously ignorant of.
The evidence is clear - quality of government has a huge effect upon the wealth of nations and their citizens but since you disagree ...
Go live somewhere there is no government and see how you like it.
Of course we all know you will not because you are not completely insane or suicidal- are you?
You cannot name a single prosperous and secure economy anytime anywhere that was not built upon the basis of good government and until you can your Libertarian nonsense remains a baseless, irrational, naive and dangerous delusion.
Just because most governments are far from perfect and many are seriously corrupt does not remove the functional truth, logic and overwhelming evidence that they are fundamental to human organisation and economic functioning. Without them it is impossible for healthy capital and labour markets to develop and grow because there is no consistent rule of law and property rights within which for capital and contractual obligations to be secured and enforced.
reply
USA and its citizens have enjoyed trillions of dollars worth of free goods and services
I AM A "US CITIZEN" AND I HAVE RECEIVED NOTHING FOR FREE EXCEPT THEFT AND ROBBERY AND THREATS TO MY LIFE THANKS TO MY "GOVERNMENT"
You cannot name a single prosperous and secure economy anytime anywhere that was not built upon the basis of good government and until you can your Libertarian nonsense remains a baseless, irrational, naive and dangerous delusion.
Since you are not able to argue terms with me when I clarified that TODAY all over the world, the "basis" of wealth and prosperity is Human Action and NOT the thieving murderous government....
How about a historical example?
Before the revolutionary war in America, the colonies grew and prospered in wealth enough to begin a whole civilization in the New World. Later to become the Union of the United States, these colonies had incredible economic development in spite of terrible government on behalf of the King of England. The government was so poor and anti-productive in fact, that a war was fought to rid themselves of said government.
This historical fact contradicts your statement exactly. Specifically:
"...economy anytime anywhere that was not built upon the basis of good government"
The colonies in America was one such direct example from history.
And again I reiterate to you, ALL wealth and prosperity anywhere on earth today is due to a BLESSED ABSENCE of government, however minor, in which the hard work and intentional action of moral people can operate.
The reason this FREEDOM is so rare, is that the masses of the human race are tricked into believing that government- beyond God's natural law, is necessary. This state of affairs allows the murderous thieving parasite class to elect themselves into positions of power over the people and rob and murder them whenever they see fit.
The brainless masses accept their slavery and even argue with one another defending it.
reply
The British colonies fought to free themselves from the colonial yoke this is true- to then form their own government that better served their economic interests.
TO FORM THEIR OWN GOVERNMENT.
Because they understood that forming their own government would enable a government better positioned and able to serve the best interests of the citizens rather than remaining tribute paying colonials to the British Empire.
Just as citizens in many countries today are paying tax and other tributes to the USA which has now become the hegemony that succeeded the British!
Government is fundamental to the wealth of nations- nothing you have written shows otherwise.
reply
I named for you an example like you asked.
The prosperity and wealth of the colonies UNDER THE CROWN- was empirically and objectively NOT due to government, good or otherwise.
In fact, the government in that case was so outrageously bad, and the people courageous enough, that they overthrew it.
So in that case at least you are wrong. Wealth and prosperity of the pre-revolution colonies did not come from government.
reply
Being governed by a Colonial power is exactly what many nations today experience under the monetary hegemony of the USA. It is still government - just one operated from a foreign jurisdiction that has power over the colony.
My country was a colony of Britain until post WW2 coming to be monetarily and militarily a tribute state to the USA.
The USA has many such quasi colonies that are effectively subservient militarily and monetarily- namely the EU, UK, Canada, NZ Australia, Japan and S.Korea.
All pay tribute and are subject to the dictates and demands of the imperial USA Empire- and US citizens enjoy billions in the bounty from this modern Empires hegemony over other nations.
Colonial governments tend to extract wealth and exploit the resources of their colonies but also provide markets and governance models so there good and bad aspects- regardless the government of nations is fundamental to the wealth of nations - whether that government is via Imperial overlords or self government.
The truth is there are fuck all nations today not to some extent held over by USA or China.
How many truly sovereign nations are free of external powers? Very very few.