Free Market Fascism

[dimaniac]

What is Free Market Fascism?

Free market capitalism provides fastest economic growth possible. However free market capitalism is "unfair", leads to extreme income inequality and destroys jobs through automation. Economic cycles produce unemployment which can lead to revolution, or redistribution of capital by the democratic government to create demand for excess human supply (e.g. The Great Depression). If being poor and unemployed was a crime then revolutions/redistribution of capital wouldn't happen. The first country to adopt free market fascism will experience huge economic growth because the bourgeoisie will be able to accumulate capital exponentially, and replace obsolete human workers with machines without any government intervention to protect the proletariat. In the end, such an economy will attain 90-95% of the world GDP. Everyone else will become mere natural resource exporters because keynesian/socialist/marxist economies won't be able to compete with free market fascism.

Free market fascism comprises 3 social classes:
 The 1st class(fascists) consists of people who guard and regulate the system, and protect the capitalists from jealous proletarians (the artificially created middle class in the USA). If there are elections within this system, then only members of this class can vote. Though consulting the capitalist class is still possible. 1 to 10 million people are needed for this class. Tax revenue (approximately 10% of the GDP) from exploitation of capitalists is distributed more or less equally among members of the ruling class. They are the shareholders.
 2nd class("haves"): capitalists, entrepreneurs, investors, speculators, lenders, rentiers, etc. Up to 1 million people.
 3rd class("have-nots"): proletarians, including highly skilled workers, scientists and intellectuals. They are needed in the beginning, but most of them will eventually be replaced with machines and AI. Up to 100 million people.

 Japan and Germany have huge economies, yet relatively small territories (less than 400,000 km2). In free market fascism a large population won't be needed either. A territory of similar size can be created (sea platform/artificial island), or the population of a country that nobody cares about can be displaced (Somalia, Colombia, Uganda, etc.)

[chrisLG]

The problems you are describing are not caused by free market capitalsim but statist interventionism.

[Anon136]

The problems you are describing are not caused by free market capitalsim but statist interventionism.

You are probably Austro-Libertarian. Austrian Economics is BS. Free Market Capitalism is form of social darwinism and naturally leads to extreme income inequality i.e. survival of the fittest.
Democratic government serves to majority of population that means that workers are parasites that exploit capitalists.

This kinda person doenst come to a project as market oriented as bitcoin with noble intentions. I vote troll, now if everyone else votes on it we can see who wins the vote and then we can know unequivocally what the truth on the subject is.

[Vandroiy]

The problems you are describing are not caused by free market capitalsim but statist interventionism.

Well, I would add certain types of monopolies.

But yea, "people who guard and regulate the system" ... good job on the "free market". You'd need to twist language by a lot to make that work.



At the mention of AIs in the OP: be happy if humans can keep a 1% share in replicating mass. Our society consists of huge farms, houses, vehicles, computers, networks, streets and railroads, tools, data storage from books to SSDs... and a share of humans that pushes the buttons and is flexible in fixing things. If an alien species came to see us, that famous image of two naked humans would be little more than a symbol for our civilization. They might need a second look to even recognize us; when would they ever see a human with no clothes, no tools, no accessories, no vehicle or building?

And where's the difference from inventing a hoe to inventing a calculator? The job of manual calculation is gone for humans, fast silicon circuits do it now. Have fun trying to dig up farmland with bare hands.

[chooser]

forcing others to do things is fascism.

[akspecs]

In attempt to avoid getting into political discussions, I will admit using BTC is somewhat of a political statement in today's day.

I will try to say without revealing my political affiliations that BTC is intended to benefit EVERYBODY, (well almost everybody, I forgot to mention central bankers and a whole list of elite).

Free market fascism as described here is really state capitalism i.e. fascism which has nothing to do with free markets by their true meaning.

Unfortunately, the words "free markets" are tarnished by the likes of American politicians and other fake world politicians which all hid under the banner of free market capitalism.  The tragedy here is that many truly devoted "free market capitalists" deny the atrocities committed by fake free marketeers.  While they frequently point to individuals like Stalin, they in turn act like Pinochet was a good person.

[akspecs]

Also known as corporatism.

One must take lessons from Orwell's 1984 to call that "free market" anything.

Correct.  The word corporatism, though, doesn't seem to have the same chilling effect as "fascism" does.   

[nwbitcoin]

This is definably a trolling attempt! Nobody could be that blinkered without an agenda!

While it would be nice to have a free market, I don't think the world has ever seen one, although the early days of the US were close to it. today nothing happens if it isn't supported by the corporatist system.

The reality is that there is no start for an economy where everyone is equal.  Thinking that its unfair is just naive, and ignores the core element it is to have a human society.  The biggest difference between people and other animals is that we build on the efforts of the previous generation.  So, if your father decided to work hard and earn loads of money, you are going to be in a better place to compete than your neighbour, who's dad was a bum!

BTC has got noble intentions, but while it is a free market currency, with no central control, it does suffer from the economies of its supporters, guiding its value.  Its far harder for someone in India to be able to afford a single bitcoin, than an American or a German.  This means that there will be a competing crypto currencies for less developed counties, and it will be free market economics that choses which one will be the winner.

However, believing any of the nonsense in the first post as a reason for not contiuning with the BTC project is just silly!

my 2 BTC

[akspecs]

State capitalism is when state owns all means of production. In free market fascism capitalist class owns all means of production. Fascist class owns only land and infrastructure(and military equipment of course)

To quickly respond, owning and controlling are both quite similar.  Should I post Mussolini's quote on what his ideal system looks like?

[Deafboy]

Its far harder for someone in India to be able to afford a single bitcoin, than an American or a German.  This means that there will be a competing crypto currencies for less developed counties...

No.

[Mike Christ]

Though I agree that the abomination in America named "Free" market is not ideal and is the leading cause to unemployment (see: "You can't have these factories here without these several thousand regulations."  "Okay fine I'll just move my factory to China."), I don't believe fascism is any better.  The point is to solve the problem, not to solve the problem by presenting a counter-problem.

Then again, freedom to produce weaponry is also something I don't agree with...  If total free markets existed, shouldn't we have the rights to sell anything, so long as someone was buying?  Morality + profit = no go.  Then again, the banksters never had a problem with this, no matter what the market is like.  And I don't think a collective nation would want war, unless they legitimately had a reason for it (self-defense; anything not profit-related.)  So even if you produced a lot of weaponry, and could sell it to anyone, I don't think they're going to have much luck using it.  Not without someone noticing.  And why would the McDonalds corporation (example of course) want to purchase weaponry if they already have a choke hold on the industry?  Maybe there would be a Burger King army of Burger King brand weaponry to take them down, but...this all seems silly to me.

Anyhoo.  If Bitcoin is adopted, transactions are transparent, and I think someone will notice if they start moving high volumes of BTC to purchase said weapons (for whatever reason they had in mind.)  In the end, I don't believe this is an issue with the market system, whatever that system may be.  It would be like blaming the dollar for drugs.  Maybe when social classes are removed, society will be more inclined to focus on stuff like, living, instead of stuff like, warring.  But maybe I'm just fooling myself.

[Mike Christ]

Though I agree that the abomination in America named "Free" market is not ideal and is the leading cause to unemployment (see: "You can't have these factories here without these several thousand regulations."  "Okay fine I'll just move my factory to China."),

Unemployment is caused by automation. Even chinese workers can't compete with robots. Watch this video http://nextbigfuture.com/2013/02/us-manufacturing-jobs-are-leaving-china.html

the banksters

Actually bankers are very useful to democratic society since banks artificially create jobs through lending to small businesses.

I completely agree about the automation!  But I mean, in the right-now, any labor we can still get is being shipped off somewhere without hefty regulation.

And yes, the bankers are great, but not the banking system known today.  There are too many strings attached to the dollar which lead to for-profit wars.  Another problem with free market (in general), you can put a price tag on anything, including votes.  I'm hoping Bitcoin can fix this issue, but.  I don't know.  Maybe not.  You can still pay a guy off, in whatever currency you want, to act a certain way.  Free market coupled with a different system of governing is a better argument, but which mixture produces the best results is beyond me.  Anarcho-capitalism seems popular nowadays.  But as it stands, I don't know.  There are too many outside factors to draw a reasonable conclusion that this market system or that market system will be better off.

[conspirosphere.tk]

What is Free Market Fascism?

All Hail Free Market Fascism!
Down, Down the Free Shit Party!



http://thepeoplescube.com

[akspecs]

The supposed Mussolini quote goes:

"“Fascism should more appropriately be called Corporatism because it is a merger of state and corporate power”

this was his future economic system.

[nwbitcoin]

Its far harder for someone in India to be able to afford a single bitcoin, than an American or a German.  This means that there will be a competing crypto currencies for less developed counties...

No.

No in what respect?

[azorni]

http://i0.kym-cdn.com/photos/images/original/000/131/351/eb6.jpg?1307463786

LoL   My thoughts exactly.

« ...and destroys jobs through automation. »

OMG you're right.  People should not be allowed to do things efficiently.   I suggest we solve the unemployment problem by prohibiting the use of cars and employ all unemployed people as rickshaw.