So I disagree slightly with the 1599 proposition, and instead suggest that the problem was the failure of the british state to capture the banking industry given its role as insurer of last resort. There was no reason after fiat script to maintain the figure 8 financial sector.
Source date (UTC): 2021-02-17 17:32:59 UTC
Original post: https://twitter.com/i/web/status/1362092694403756032
Replying to: https://twitter.com/i/web/status/1362092692965064705
IN REPLY TO:
Unknown author
The firm isn’t profitable or stable enough, and employees never competent enough, and incentives not political enough to achieve redistribution via firm rather than as shareholders in the state. But capturing the parasitic financial sector for redistribution is trivially easy.
Original post: https://x.com/i/web/status/1362092692965064705
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