Freiheit
Silver Member
- Sep 30, 2015
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"the state would look entirely different" Tehon. Yes the state would look different, The German Democratic Republic is a good historical example and Venezuela is a good current example. The German Democratic Republic had to build a wall to keep its' people in and Venezuela is suffering from hyperinflation.Capital is an accumulation of money that is used to purchase something with the express intent of selling it again at a profit and it is quite unnecessary in the process of transforming nature into something useful to humans.That is doomed to failure. We know that. Therefore it cannot be the point. The point is to eliminate capital and it is called Socialism.Under socialism, government controls capital rather than private investors. You really don't get that? That's the whole point.
By magic? Maybe you don't understand what capital is. Capital is how we divvy up the responsibility of making economic decisions. It's how we decide which projects to do, and which to abandon. Under capitalism, that power and responsibility is distributed to private investors. Under socialism, all such power rests with the state. It doesn't disappear, it just gets assigned to agents of government rather than individual investors
We do not need to rely on the market, speaking of magic, to make decisions that we are fully capable of making using our own intellect.
In a socialist system, a system without capital, the state would look entirely different. It was capital that built the state that we have now. It was built to protect capital.