: Re: Real capitalism falling down drunk
jamesd... "Money in the US was largely privately issued until 1915. Capitalism long predates government monopolies of money. The word dollar comes from thaler, which a government stamped ounce of silver -- but stamped by a minor government very far away, one of many such stamping authorities." Very interesting,relevant, not much,but fascinating.Can we talk of e-money replacing the present shared hallucination now? "The state is the enemy of property, not the source. Property rights in the means of production not only continued to exist without state support, where the state was absent, they invariably continued to exist in the face of massive bloody state violence aimed at crushing those rights. Always, those seeking to crush those rights had to escalate far beyond what they expected, then escalate the violence even further." Whatever the state is,its the enemy,right james?The biggest state at present is the US.There seems to some bad socialism creeping into the way airlines and others are being handled.The point I keep trying to make is the state is the guarantor of exploitive,authoritarian capitalism and anarchy esp crypto anarchy is the best way to fight that.Anarchy not libertarian party Kool-aid.Can we talk about this more at the airport bar? Aussi beer is the best.mattd.
At 06:17 AM 12/8/01 +1100, mattd wrote:
jamesd... "Money in the US was largely privately issued until 1915. Capitalism long predates government monopolies of money. The word dollar comes from thaler, which a government stamped ounce of silver -- but stamped by a minor government very far away, one of many such stamping authorities."
Very interesting,relevant, not much,but fascinating.Can we talk of e-money replacing the present shared hallucination now?
God DAMN but you are obtuse. First people swapped chickens for goats. Then they used more portable forms of exact trade, where the portable forms were still of equal value, but easier to pocket. Eventually this got (partially) symbolic, but was private. With reps and all that. Then the govt discovered they could fund wars (etc) by asserting their paper was good ---after all, they could confiscate by force whatever actual value they needed to back it up. If you don't see the implications for future history, you may find many threads here confusing.
participants (2)
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David Honig
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mattd