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On Wed, 10 Jul 2024 19:59:55 +0200, Jeroen Bellemanardent-
<jeroen@nospam.please> wrote:
On 7/10/24 19:48, john larkin wrote:On Wed, 10 Jul 2024 17:18:23 -0000 (UTC), Cursitor Doom
<cd999666@notformail.com> wrote:
On Tue, 09 Jul 2024 06:52:49 -0700, john larkin wrote:
>On Tue, 9 Jul 2024 09:24:30 -0000 (UTC), RJH <patchmoney@gmx.com>
wrote:
>On 9 Jul 2024 at 05:04:24 BST, Bill Sloman wrote:
>From time to time I get to remind the qroup that I'm a democraticVery kind of you! But a small point - the CP was, theoretically, a
socialist - while Communists are autocratic socialists,
and got slung out of the International Socialist movements in
1871, when Karl Marx's silly ideas about "the leading role" of the
party were rejected.
>
>
socialist bridge to communism. Nobody - especially Marx - know what
communism would be in detail - simply that the process of
revolutionary socialism would put an end to capitalism for the
right reasons.
>Mikhail Bakunin's famous quote dates from that period
>
https://www.goodreads.com/quotes/801264-if-you-took-the-most-
>revolutionary-vested-him-in>>>
So history might suggest :-)
In other words, power corrupts.
>
Which means that governments are dynamically unstable, and a
long-term-democratic society is a remarkable thing.
>
Why end "capitalism"? Economic and intellectual plualism works.
So does a mixed economy of both private enterprise and publicly-owned
bodies if the size of the state sector can be constrained.
Unfortunately,
states have a tendency to grow themselves if not kept in strict check
and this is in large part responsible for the truly *vast* debt
burden now carried on the back of so many Western countries.
There's a race between government getting bigger and wasting ever more
resources, and technology making us more productive to support all
that waste.
I was just talking to a fellow old fogey (who is literally a Fellow)
and we agree that young people are getting stupider, so the
productivity increase probably can't keep up.
Yes, the debt will have consequences too. It keeps increasing and can
never be paid back. Economists keep getting stupider too.
Traditionally, the solution for that problem has always been devaluation
or rampant inflation, or both. Either way, it's a form of gross theft.
>
Jeroen Belleman
The reliable investment seems to be land and housing, which will
probably survive inflation.
Unless property taxes become ruinous.
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