RE: The crux of Leftist thinking has nothing to do with Marx..
The debt based banking system (lets say 1913 for arguments sake) will always end up where we are now. 1% -99%.
It's a mathematical certainty.
Mistake. But that's a complex subject, perhaps another argument we may take up later
Usury (not compound interest), is a healthy market mechanism to work out the value of money and goods
Now you are actually getting to the core.
Goods (and services) have value. Money in fact has no value. Neither does gold, other than when it is made into shiny jewelry, or electronic components.
Money is an abstract concept. Its value only holds as long as the bargaining parties continue to have faith that it will be redeemed for something of real value.
When I go to the bank and get a $10,000 loan, your bank account doesn't suddenly go down by $10,000.
Nor does anybody elses, not even the bank's.
Instead they create that amount with a few keyboard strokes. Money created out of thin air.
And more importantly, debt created out of thin air.
The capitalist banker will not have to actually work to validate that sum,but the profit will accrue in his offshore account nevertheless.
It is the I worker, the victim of that fiat creation, who will have to work it off, by painting cars or digging ditches or shooting Syrians or baking bread or whatever.
The only real connection is that the banker will eat the bread that I bake, even though he has contributed zero towards it. For which he will pay me with a fiction once again.
Paycheck slavery, defined.
Since you know about Jekyll island, you know more than most.
Root around some more in that vicinity (not that particular event, but the related creating/affecting tangents and principals).
It's a mathematical certainty.
...this mean you don't understand.
I know a lot more than most . (You haven't read my post on banking from the 15 century up to to modern day, obviously...)
If you think that a debt based fiat system is not mathematical certainty of how it transpires to wealth disparity over time - as it is doing now, and you think I a mistaken ..... you need to read more.
(Your understanding of of socialism was woefully incorrect, for example.)
good luck
I referred to socialism in the idealistic sense, as in democratic and cooperative ownership, sharing and control of property and resources (and also helping out your hungry neighbor; there's lots to go around if nobody gets greedy.)
Unfortunately the ideal paradigm isn't always reflected in the mundane extrapolation. As I mentioned earlier, things go awry when the cooperative is infiltrated by someone gaming the system; when someone becomes more equal than others - the elite hierarchy.
RE needing to read more about fiat, no. It's only a mathematical certainty as long as the suckers continue to play wit the marked deck. That continuance is not a certainty, therefore your argument fails.
You can't fool all of the people all of the time, someone said.
I have not read your "banking from the 15 century" post, I will do that when I get a few minutes.
A point about your in capitalistic societies how nutrition goes up, education goes up, life expectancy goes up, income goes up...
no other economic system has this correlation.. posit. Real income (actual buying power adjusted for inflation) in China recently went up by 300 percent (see the Global Capitalism video below). In the Western capitalist countries, it is stagnating or regressing. What are your thoughts on that?
Anyway, I still agree with you that the critical consideration is the concept of existential altruism.
But my arguments are fading; I've only slept 3 hours in the last three and a half days. I'm going to crash for a bit, and then review what I have mumbled so far - I may need to do some editing :)
...well then it wouldn't be crony capitalism, would it?
😂
Wolf?.. Are you serious?
😂😂