Exactly, in America especially because the like to put on this guise of freedom, capitalism has been blamed for our financial problems but it is not capitalism. Far from capitalism. Capitalism if a totally free market with no regulation, no modification no added economic law and legislation. That can not exist with government. Any one who thinks America is the example for the failure of capitalism is either uneducated or sorely misled. America has never tried capitalism. Government and capitalism can not exist at the same time unless that government decides to have no say in economics and trade. We all know that will never happen so clearly we will never experienced a capitalist society until the banishment of the state.
there isnt non fiat currency anymore. switzerland was the last to go off gold. however, they and many others seem to do just fine without a military industrial complex. quite frankly if you think the two need be intertwined youre a damn fool without any concept of the monetary system. the world simply doesnt operate how you see it.
Uhh, like every society throughout the course of human history that had a dominating military force got wealth. Sooooo? Dude, seriously. Switzerland? I don't know what to say. Ohh wait. I do. You're in no position to call anyone a fool.
The U.S. dollar is backed up by nothing except the name. It has no intrinsic value and is not backed by any gold standard. Our money is wothless. In my opinion all money is worthless. I hate the concept of money
Capitalism is the exploitation of workers. I personally am in favor of a stateless, moneyless, classless, directly democratic social order. I'm a communist.
Gold is the perfect universal trading system. What is a dollar more than a piece of paper. There is NOTHING backing it up. It's worthless
what exactly was wrong with my comparison to Switzerland (and many other countries)? i only named Switzerland because they happened to be the last to use a non fiat currency. and yes, while it is true that SOME countries gained wealth by war (and far more were wiped off the planet....) i have no idea what your point it supposed to be. many countries have done extremely well fiscally without war, some equal or better than the usa. you were saying that the dollar is only supported because of military might which is just fucking stupid and there are many real world examples to highlight that.
No. Capitalism is the freedom to exploit workers, AND the freedom not to work Sent from my LG-E739 using Grasscity Forum mobile app
Having a dominating military presence across the globe coupled with the history of the US Army's genocide against the native americans which enabled us to capitalize off the land we aquired, and our current fiat currency, hard to dismiss the role guns have played in shaping our economy. I never said that military power is the only force giving the dollar value, obvioulsy, but it is a foundation of sorts that can not be ignored. Your Switzerland example is cute. They are Europe's equivalent to Disneyland.
pretty much every country has been taken from somebody by force. i dont deny that we are a country because of use of force. and no, you technically never said that was all that is giving it value, but you seemed to suggest from your post that "big guns" were a huge part of it.....but why? what do you think would happen to the value of the dollar if we were to downsize our military? what specific causal link do you see between the two? i do agree that downsizing the military would have a small economic impact because military manufacturers would loose some contracts, but i would be interested to know how it would weigh against the decrease in military spending. i actually imagine savings would be more, and create a small increase in the dollars value if anything. if you dont like switzerland you can insert literally every country without a military industrial complex. its all the same, all the countries are fiat now. all of the five countries with higher gdp than the usa lack it, as do most countries in general. we are roughly 50% of the entire worlds yearly military spending. if most countries including those with higher gdp do perfectly fine without it, why do you see it as so important?
The value of the dollar is tied to saudi oil production; which is sold exsclusively in USD. So our military strength in the middle east protects the value of the dollar. Sent from my LG-E739 using Grasscity Forum mobile app
very good point to an extent. do you think if we were to leave the middle east they would instantly reneg on the contract? (idk if theres actually a contract but you get it) i dont think they would, nor do i think it necessary to have military might for two countries to follow a trade agreement.
I think it's more accurate to say that the dollar is backed by the fact that it's the only form of payment accepted by the US government for the settlement of "tax obligations".
Its not that we are afraid of them breaking contract. Its that we want to prevent countries like iran from producing oil and selling it non USD. Thats the main purpose of our military presense there Sent from my LG-E739 using Grasscity Forum mobile app
Please STOP trying to demonize the rich and using them as scapegoat for the lower class' hardships. A lot of the wealthy worked hard in order to get to where they are, and a lot of the poor fucked it up for themselves with their OWN poor decisions, so why should the rich feel guilty for them. Now I wish everyone could live comfortable'y and happily but stop trying to use the rich as a scapegoat for all of the poors' problems. And I'm not one to assume, but you're probably a supporter of socialism and Communism, which would contradict your statement of freedom and taking acts towards it when in order to have a socialist and Communist society then you must apply totalitarian like attributes to control the economy of the people.
Please stop making fallacious generalizations based on economic status PERIOD. What you're saying is really no different and just as inaccurate. Economic status depends on far more variables than either of you are bothering to consider.
How the hell is what i stated a fallacious generalization?? Many wealthy people DID work hard to get to level they are at, while many poor people in this country DID make poor decisions that led to their downfall. Sure some wealthy people are corrupted, but you cannot just simply assume every poor person was exploited and every wealthy person is corrupted and was born with a silver spoonin their mouth. now unless you care to elaborate, I recommend you please stop with you're vague commenting.