0 sats \ 8 replies \ @Undisciplined 14 Jun \ parent \ on: Would You Rather Have Money Manipulated by Governments or Private Companies? bitcoin
That has nothing to do with what I said.
Private prisons enforce state sentences, with state authorization, using state funds. They are part of the state in all but name.
write
preview
21 sats \ 7 replies \ @random_ 14 Jun
You give private companies too much credit.
If companies like GEO Group, Core Civic, and LaSalle Corrections are using slave labour with the governments permission, how do you think they'd manipulate the money supply if they were unfettered?
reply
21 sats \ 6 replies \ @Undisciplined 14 Jun
It's a good question and a reasonable concern, but I think they would be out of business if they had to function on an open market.
The broader question of how unscrupulous private companies would be, given the opportunity, is hard to answer. Market discipline is stricter than political discipline, though, so I don't think they could get away with as much.
reply
0 sats \ 5 replies \ @random_ 14 Jun
Doubt.
https://www.saveuighur.org/these-brands-are-still-linked-to-uyghur-forced-labor-help-stop-them-now/
reply
0 sats \ 4 replies \ @Undisciplined 14 Jun
Those are concentration camps in a totalitarian communist state.
What in the world does that have to do with free enterprise?
reply
0 sats \ 3 replies \ @random_ 14 Jun
reply
0 sats \ 2 replies \ @Undisciplined 14 Jun
Don't be so hard on yourself
reply
0 sats \ 1 reply \ @random_ 14 Jun
Company scrip, slave labour, whistleblower assassinations.. all products of free enterprise.
reply
0 sats \ 0 replies \ @Undisciplined 14 Jun
What are you talking about?
Slavery, by definition, cannot occur under free enterprise. Whistleblowers are almost always assassinated in connection to state activities. Company scrip is utterly trivial in comparison to fiat currencies.
reply on another page