Shoot The Breeze 3.0

[kombucha23]

Some great stuff there. Is the new episode out?

Btw. Summoning AB19

Yep. Ep 6 was out today. Another banger with fan service up the whaz.

 

[Peter Gibbons]

Ah here we are. We've arrived at the moment of regret right of schedule. Look dude, I'm really sorry you don't understand basic economics, or really anything else for that matter. I wish I could help you but I think it may be a lost cause. Stop watching the news so much and get out of your echo chamber. Read an economics book, Austrian economics to be specific.

Before I go, I'll answer your questions though. You asked why capitalism has failed in that no new companies have stepped up to compete with all these record profits right? Well because it isn't that easy and the gov has made it very very hard to not only do business in this country, but to succeed. Successful companies are very efficient at providing the best quality items available at the best prices. There really isn't a ton of margin to squeeze out. But much like I've encouraged you in the past, I'll encourage you once more... you should open a business to compete with one of these companies that is taking advantage of everyone during these trying times and secure some of those record profits for yourself. Don't you think if target was really gouging the fuck out of their customers, people would just to Wal-Mart instead?

For your second question, yes the economy implodes if the poors can suddenly afford everything their heart desires. The problem with giving them free money is they consume limited precious resources but aren't producing anything back into the economy. They aren't creating services or goods. So in turn, they are draining value from the economy. The reason you notice shortages at the store is because there was too much artificial demand created. If the government gave out $200k stimmies instead of 2k, there'd be a shortage of Lamborghinis too. You can't print prosperity. Anything that is given to someone has to be taken from someone else. Just because you print the money out of thin air, doesn't mean it's free. It's just easier to disguise who is hurt and who is to blame when you think the laws of economics no longer apply. (Hint: the poor and middle class who don't own many assets are the biggest losers when it comes to inflation and the fed and the government working together are to blame.... not corporations and businesses who have to raise prices to stay in business.) The poors will be paying for all that free money for the rest of their lives because prices are never coming down. It was a sweet little sugar high while it lasted though

So all this being said..... Who is "the poors"? Does that also include us poors in the middle class? Are we leeches?

Because there absolutely was a time in this country when let's say for example a tradesman or salesmen or what have you on a single income could afford to actually own the domicile in which they live. They could support a family in that traditional values, mom at home with a fresh cooked meal every night type of way, and do really good if parent number two was also working.

That's not so much the case anymore, and I'm not talking the 50s here. That was an attainable thing like 20 years ago or so. We all know the best path to future prosperity for an individual is property ownership, and that used to be a not so hard thing to do. Now we have Blackstone capital and the like buying up houses direct from Zillow before they touch the market, and artificially inflating home values across the nation, more so than need be from lumber cost increases, trade labor shortages etc. This was all going on before COVID, and the massive wealth transfer that occured in the meantime.

So no, I'm not gonna say 32 is spot on, but he's not totally wrong either. Jeff bezos has more wealth than the gdps of 13 states or something like that. Musk has more capital than the bottom hundred nations (individually) worldwide. The only capital many people have in this country is their labor, and these people, along with the dudes who do nothing but move 1s and 0s around on wall Street are profiting off that to a huge extent, and you don't see any problem at all with that? You don't see a problem with what went down in 08?

It's not jealousy. Most people realistically don't want a Lambo, they just want a sense of fulfillment and the financial security to know they can live a decent middle class life and get ahead and hopefully be in a better spot a decade from now if they do thier part, and that shit is rapidly disappearing, and the oligarchs and power brokers at the top are laughing their way to the bank while people cheerlead them on thinking someday they'll get there too. It's not that the working class in this country is lazy, it's greed.

 

[AB19]

So all this being said..... Who is "the poors"? Does that also include us poors in the middle class? Are we leeches?

Because there absolutely was a time in this country when let's say for example a tradesman or salesmen or what have you on a single income could afford to actually own the domicile in which they live. They could support a family in that traditional values, mom at home with a fresh cooked meal every night type of way, and do really good if parent number two was also working.

That's not so much the case anymore, and I'm not talking the 50s here. That was an attainable thing like 20 years ago or so. We all know the best path to future prosperity for an individual is property ownership, and that used to be a not so hard thing to do. Now we have Blackstone capital and the like buying up houses direct from Zillow before they touch the market, and artificially inflating home values across the nation, more so than need be from lumber cost increases, trade labor shortages etc. This was all going on before COVID, and the massive wealth transfer that occured in the meantime.

So no, I'm not gonna say 32 is spot on, but he's not totally wrong either. Jeff bezos has more wealth than the gdps of 13 states or something like that. Musk has more capital than the bottom hundred nations (individually) worldwide. The only capital many people have in this country is their labor, and these people, along with the dudes who do nothing but move 1s and 0s around on wall Street are profiting off that to a huge extent, and you don't see any problem at all with that? You don't see a problem with what went down in 08?

It's not jealousy. Most people realistically don't want a Lambo, they just want a sense of fulfillment and the financial security to know they can live a decent middle class life and get ahead and hopefully be in a better spot a decade from now if they do thier part, and that shit is rapidly disappearing, and the oligarchs and power brokers at the top are laughing their way to the bank while people cheerlead them on thinking someday they'll get there too. It's not that the working class in this country is lazy, it's greed.

Actually you’re a jealous libtard for wanting a house and free health care and schooling billionaires deserve their yachts you should actually have to kiss their feet while you worship them

 

[Peter Gibbons]

Actually you’re a jealous libtard for wanting a house and free health care and schooling billionaires deserve their yachts you should actually have to kiss their feet while you worship them

Listen... I guess owning my home and being in the same job as this guy makes me not a poor but people ever so slightly below me don't deserve that distinction. They are all just jealous of my middling 5 digit income fabulous wealth. Let them eat cake.

 

[32andBelow]

Listen... I guess owning my home and being in the same job as this guy makes me not a poor but people ever so slightly below me don't deserve that distinction. They are all just jealous of my middling 5 digit income fabulous wealth. Let them eat cake.

They don’t produce for the economy. Cus serving food or selling groceries isn’t production like ATC

 

[AnyTrafficPleaseAdvise]

Don’t worry guys, 10 civilians were killed in Syria last night by US Special forces. America is now safe!!!!!

 

[jamisjockey]

We’re 30 trillion in debt
Inflation highest in decades
If you think taxing a few billionaires more will fix that…you’re a fucking idiot.

 

[AB19]

Don’t worry guys, 10 civilians were killed in Syria last night by US Special forces. America is now safe!!!!!

Hell yeah brother cheers from Iraq

We’re 30 trillion in debt
Inflation highest in decades
If you think taxing a few billionaires more will fix that…you’re a fucking idiot.

Who’s saying tax people to fix inflation?

 

[BPM31694]

We’re 30 trillion in debt
Inflation highest in decades
If you think taxing a few billionaires more will fix that…you’re a fucking idiot.

Tax those unrealized gainz bruh!

If I had a nickel for every time I had to explain the difference between wealth and income to a leftist…..

 

[Peter Gibbons]

Tax those unrealized gainz bruh!

If I had a nickel for every time I had to explain the difference between wealth and income to a leftist…..

I'll say it again, tell me more about Zillow collecting buyer/seller data and using that to assist big money investors instead of prospective homeowners and tell me the deck isn't stacked before you go off on eCoNoMiCs.

Or is property ownership not true wealth anymore?

Wall Street profits on Zillow's woes by gobbling up starter homes

A Bloomberg News analysis shows that Zillow and rival tech firms are selling thousands of homes to landlords backed by KKR, Cerberus Capital Management, Blackstone, and other large financial institutions.

fortune.com

 

[AB19]

I'll say it again, tell me more about Zillow collecting buyer/seller data and using that to assist big money investors instead of prospective homeowners and tell me the deck isn't stacked before you go off on eCoNoMiCs.

Or is property ownership not true wealth anymore?

Wall Street profits on Zillow's woes by gobbling up starter homes

A Bloomberg News analysis shows that Zillow and rival tech firms are selling thousands of homes to landlords backed by KKR, Cerberus Capital Management, Blackstone, and other large financial institutions.

fortune.com

Actually it’s communism if corporations aren’t allowed to buy up all the property, price gouge trying to make money on rentals, and price everyone out of the local market. I don’t understand how people suck off corporations like they are the great savior of this country and not the leeches draining it

 

[32andBelow]

Tax those unrealized gainz bruh!

If I had a nickel for every time I had to explain the difference between wealth and income to a leftist…..

You can start by taxing their realized gains at a reasonable rate that is similise to rate we pay on our income

 

[jamisjockey]

Actually it’s communism if corporations aren’t allowed to buy up all the property, price gouge trying to make money on rentals, and price everyone out of the local market. I don’t understand how people suck off corporations like they are the great savior of this country and not the leeches draining it

Nobody wants to acknowledge their favorite politicians enabling, encouraging, and profiting off this process.

 

[AB19]

Nobody wants to acknowledge their favorite politicians enabling, encouraging, and profiting off this process.

Almost all politicians exist to serve the extremely wealthy and corporations, but the ones that try to help people get laughed out or not taken seriously. Democrats run on progressive ideals and default to liberal governing and wonder why apathy in the party is so high

 

[Peter Gibbons]

 

[Logical_Mongoose]

View attachment 7330

 

[Acquired Taste]

So all this being said..... Who is "the poors"? Does that also include us poors in the middle class? Are we leeches?

Because there absolutely was a time in this country when let's say for example a tradesman or salesmen or what have you on a single income could afford to actually own the domicile in which they live. They could support a family in that traditional values, mom at home with a fresh cooked meal every night type of way, and do really good if parent number two was also working.

That's not so much the case anymore, and I'm not talking the 50s here. That was an attainable thing like 20 years ago or so. We all know the best path to future prosperity for an individual is property ownership, and that used to be a not so hard thing to do. Now we have Blackstone capital and the like buying up houses direct from Zillow before they touch the market, and artificially inflating home values across the nation, more so than need be from lumber cost increases, trade labor shortages etc. This was all going on before COVID, and the massive wealth transfer that occured in the meantime.

So no, I'm not gonna say 32 is spot on, but he's not totally wrong either. Jeff bezos has more wealth than the gdps of 13 states or something like that. Musk has more capital than the bottom hundred nations (individually) worldwide. The only capital many people have in this country is their labor, and these people, along with the dudes who do nothing but move 1s and 0s around on wall Street are profiting off that to a huge extent, and you don't see any problem at all with that? You don't see a problem with what went down in 08?

It's not jealousy. Most people realistically don't want a Lambo, they just want a sense of fulfillment and the financial security to know they can live a decent middle class life and get ahead and hopefully be in a better spot a decade from now if they do thier part, and that shit is rapidly disappearing, and the oligarchs and power brokers at the top are laughing their way to the bank while people cheerlead them on thinking someday they'll get there too. It's not that the working class in this country is lazy, it's greed.

I would define the poors as your average minimum wage earner with low skills, likely collecting some form of welfare, and without much drive or capability to move upward in society. For the most part, being a CPC puts you squarely in the middle to upper middle class, or whatever is left of it anyway, depending on location and how many dependents you have. And as far as your point about making a living wage with no education while your wife stayed home? You're preaching to the choir. My grandpa supported a wife who stayed home and 5 kids in a middle class lifestyle with a high school education. My dad dropped out of hs, got a GED, and was able to work as a mechanic for the city government which allowed my mom to stay home and raise my brother and I until we were old enough to go school so she could get a job that was a little better than minimum wage. I'm a millenial and we grew up very middle class. Now I'm also wondering how I'm going to be able to afford a house one day and know that if I have a wife and kids one day, she'll likely have to work to maintain a comfortable lifestyle. Does that suck? Absolutely, but I'm a realist and I recognize the problem.

What has changed during the last 50+ years? Have corporations really just slowly gotten more greedy as the years have gone by? I don't think so. The real culprit as I've been preaching forever is the growing size and scope of government and the lack of sound money. Central bankers rule the world. Decades of bad policy means means America has gone from the biggest creditor nation to the biggest debtor. We don't make anything here. We print money and use it to buy cheap Chinese shit. 70% of our "robust" economy is services. Yes, I hate the billionaires and the Blackstones of the world but you have to look at why they are able to do the things they do. It's because the Fed has kept interest rates artificially low for so long that the entire market and economy is distorted. Savers can't get safe returns anywhere so they have to go further and further out on the risk curve, loading up stonks and crypto and other risky assets. Zombie companies that don't make any money are enabled to thrive and suck up capital that would be allocated elsewhere but for the fact that money and debt is so artificially cheap that they don't need to make a profit. Stock speculators have are leveraged to the tits buying any random ticker because valuations don't matter, only liquidity does. So yes, evil enterprises like blackstone are going to borrow money from the fed a 0.25% and buy up all the real estate they can and rent it out to you because there's no risk in doing so. They can borrow limitless amounts and basically can't lose. It's not their fault for taking advantage of the rules of the game. It's that the rules were so poorly designed in the first place!

And once again to the point of bezos and Musk being so rich, it's all a function of funny money and stonk valuations. It could all go poof if they tried to cash out. You saw elon sold like $20 billion in stonk a few months back and tesla crashed like 35%? Lost probably about $400B in market cap so he could cash out $20B worth. Same with bezos, if he sold all his stonk this year, Amazon would probably crash 75%.

And you guys want to talk about these big businesses thriving and making record profits but like to ignore all these dumb covid restrictions that put the final nail in the coffin of the struggling small businesses who were trying to compete. Like let's close small businesses down, make all restaurants take out only for a long time, pay all the workers more to stay home than they made at their monotonous, unstimulating job, and then wonder why small businesses are going under left and right. Only "essential" retailers like Walmart and Amazon and big box grocers allowed to stay open. If the politicians goal was to decimate the country, increase the wealth gap, impoverish as many people as possible and bankrupt as many business owners as possible, they followed the perfect game plan to do so.

The lifespan on this party is almost over though. We don't have any more road left to kick the can. Even the phony government inflation number is running hot at over 7% and the fed has to pretend they can raise rates and withdraw liquidity without causing a depression. But it's not possible. Either they pop they biggest bubble in history and we see the worst economic crisis of our lifetimes, or they take the cowards way out and reverse course and keep printing until the dollar loses all of it's purchasing power and we see the worst economic crisis of our lifetimes. Either way, shit is gonna hit the fan soon and there's nothing we can do about it, not even tax every billionaire and all their unrealized gains at 100%. I just hope we can learn something and the people who deserve the blame get it, but since most are too dumb to see the forest for the trees, I'll see you soon in USSA comrade.

 

[Peter Gibbons]

I would define the poors as your average minimum wage earner with low skills, likely collecting some form of welfare, and without much drive or capability to move upward in society. For the most part, being a CPC puts you squarely in the middle to upper middle class, or whatever is left of it anyway, depending on location and how many dependents you have. And as far as your point about making a living wage with no education while your wife stayed home? You're preaching to the choir. My grandpa supported a wife who stayed home and 5 kids in a middle class lifestyle with a high school education. My dad dropped out of hs, got a GED, and was able to work as a mechanic for the city government which allowed my mom to stay home and raise my brother and I until we were old enough to go school so she could get a job that was a little better than minimum wage. I'm a millenial and we grew up very middle class. Now I'm also wondering how I'm going to be able to afford a house one day and know that if I have a wife and kids one day, she'll likely have to work to maintain a comfortable lifestyle. Does that suck? Absolutely, but I'm a realist and I recognize the problem.

What has changed during the last 50+ years? Have corporations really just slowly gotten more greedy as the years have gone by? I don't think so. The real culprit as I've been preaching forever is the growing size and scope of government and the lack of sound money. Central bankers rule the world. Decades of bad policy means means America has gone from the biggest creditor nation to the biggest debtor. We don't make anything here. We print money and use it to buy cheap Chinese shit. 70% of our "robust" economy is services. Yes, I hate the billionaires and the Blackstones of the world but you have to look at why they are able to do the things they do. It's because the Fed has kept interest rates artificially low for so long that the entire market and economy is distorted. Savers can't get safe returns anywhere so they have to go further and further out on the risk curve, loading up stonks and crypto and other risky assets. Zombie companies that don't make any money are enabled to thrive and suck up capital that would be allocated elsewhere but for the fact that money and debt is so artificially cheap that they don't need to make a profit. Stock speculators have are leveraged to the tits buying any random ticker because valuations don't matter, only liquidity does. So yes, evil enterprises like blackstone are going to borrow money from the fed a 0.25% and buy up all the real estate they can and rent it out to you because there's no risk in doing so. They can borrow limitless amounts and basically can't lose. It's not their fault for taking advantage of the rules of the game. It's that the rules were so poorly designed in the first place!

And once again to the point of bezos and Musk being so rich, it's all a function of funny money and stonk valuations. It could all go poof if they tried to cash out. You saw elon sold like $20 billion in stonk a few months back and tesla crashed like 35%? Lost probably about $400B in market cap so he could cash out $20B worth. Same with bezos, if he sold all his stonk this year, Amazon would probably crash 75%.

And you guys want to talk about these big businesses thriving and making record profits but like to ignore all these dumb covid restrictions that put the final nail in the coffin of the struggling small businesses who were trying to compete. Like let's close small businesses down, make all restaurants take out only for a long time, pay all the workers more to stay home than they made at their monotonous, unstimulating job, and then wonder why small businesses are going under left and right. Only "essential" retailers like Walmart and Amazon and big box grocers allowed to stay open. If the politicians goal was to decimate the country, increase the wealth gap, impoverish as many people as possible and bankrupt as many business owners as possible, they followed the perfect game plan to do so.

The lifespan on this party is almost over though. We don't have any more road left to kick the can. Even the phony government inflation number is running hot at over 7% and the fed has to pretend they can raise rates and withdraw liquidity without causing a depression. But it's not possible. Either they pop they biggest bubble in history and we see the worst economic crisis of our lifetimes, or they take the cowards way out and reverse course and keep printing until the dollar loses all of it's purchasing power and we see the worst economic crisis of our lifetimes. Either way, shit is gonna hit the fan soon and there's nothing we can do about it, not even tax every billionaire and all their unrealized gains at 100%. I just hope we can learn something and the people who deserve the blame get it, but since most are too dumb to see the forest for the trees, I'll see you soon in USSA comrade.

So basically what you are saying is:

A) Greed, foundational in human nature, and present in every system, throughout time, across the whole world, is the US government's fault.

B) corruption only exists because of the government, and the influence of these corporations and the sway they hold over politicians to manipulate policy in thier favor, particularly since citizens united is totally meaningless and not noteworthy.

C) though yes, the infinite money supply and interest rates are on the fed, these mega corps and individuals who know full well the repricutions of what they are doing in terms of the crash we know is coming, bear no responsibility for their actions, and the lives they are going to destroy in the process because they are "playing by the rules". That they made those rules, change them at will, and really are the only people with a grasp of the complexities of them makes no difference.

D) you acknowledge our system of boom/bust capitalism comes with consequences, which overhwelminly fall to the people who get laid off, lose their retirements, life earnings and savings, homes, college funds etc, while these big time capitalists eat some losses and buy low, continuing the wealth transfer, yet you don't see a problem with that either.


Sounds like a pretty shitty, halfbaked system that's rigged for the big guy if you ask me.

 

[Acquired Taste]

So basically what you are saying is:

A) Greed, foundational in human nature, and present in every system, throughout time, across the whole world, is the US government's fault.

B) corruption only exists because of the government, and the influence of these corporations and the sway they hold over politicians to manipulate policy in thier favor, particularly since citizens united is totally meaningless and not noteworthy.

C) though yes, the infinite money supply and interest rates are on the fed, these mega corps and individuals who know full well the repricutions of what they are doing in terms of the crash we know is coming, bear no responsibility for their actions, and the lives they are going to destroy in the process because they are "playing by the rules". That they made those rules, change them at will, and really are the only people with a grasp of the complexities of them makes no difference.

D) you acknowledge our system of boom/bust capitalism comes with consequences, which overhwelminly fall to the people who get laid off, lose their retirements, life earnings and savings, homes, college funds etc, while these big time capitalists eat some losses and buy low, continuing the wealth transfer, yet you don't see a problem with that either.


Sounds like a pretty shitty, halfbaked system that's rigged for the big guy if you ask me.

A) Yes, greed is natural. Everyone wants things for themselves and they can never have enough. But greed isn't a bad thing. In true capitalism, the only way a greedy person gets rich is to enrich the lives of other in the process, usually by providing something of value to consumers and employing people to provide said things in order to make more money for themselves. A rising tide lifts all boats as they say. True greed is wanting to steal something away from someone who earned it and voting for a government that promises to steal from someone else and give to you.

B) Yes, corruption largely exists because a lot of powerful people have a lot of money to buy political favors and basically get away with anything they want if they have enough money. There are really two classes of people: the elite ruling class and everyone else. The only reasonable and logical solution is to return to a system of small limited government that doesn't have the power to play Santa Claus and over promise every thing that every voter wants and use said promises to buy their votes. We need sound money and fiscal responsibility. The fed was put in place to keep the government spending in check but instead, all they do is fund deficit spending by monetizing the debt. Hence why they hold $9 trillion of the governments' $30 trillion of debt on their balance sheet. All of this distortion leads to the massive imbalances in our economy and these nasty boom bust cycles that get worse and worse every time because they never solve the problems they create, they just try to hide them by reinflating the bubbles they've blown. But it takes more and more to blow them back up and they're just about out of air.

C) Yes there are a lot of fucked up laws on the books but the government doesn't have the little guys best interest at heart. They can't solve any problems with policy. Only make them worse. The best thing to do is get out of the way and let the market fix the imbalances. The big companies will always have an upper hand and power to do a lot of damage but it's because government favors are there to be bought in the first place. Obviously if the government has the power to dole our special favors, people are going to be lined up with money trying to buy those favors. We have to reduce the power of government so they don't have any special favors to give.

You know why I fear my government not private corporations? Corporations can't force me to buy their products. I have to willingly engage in the transaction with them. I'm free to do so. But I'm not free from government. If they impose some dumb law or try to infringe on my rights, they force compliance with the threat of jail time enforced by men with guns. That's the difference.

D) The boom bust cycle exists because of the structure of the house of cards economy. Everyone has to go out on the risk curve to buying dumb shit to generate a return. All it takes to derail the house of cards is just a little wind that blows 1 or 2 cards out from the bottom and the hole thing comes crashing down. Obviously this is going to hurt everyone who is tied up in the ultimate debt bubble we find ourselves in. That's what happens when the price of money (interest rates) is too cheap. And there's the moral hazard that when things go wrong, the fed and the government are going to be there to bail everyone out so it's like no one can lose which encourages even more risk. Allowing bad businesses to fail is what allows capitalism to function smoothly and honestly, but since we haven't had that, the entire system is shitty and fucked up. But you have to understand it isn't capitalism's fault that things are fucked up. It's the government's interference in capitalism that has caused it's failures. Capitalism has been the most successful system in human history to lift the most people out of poverty and improve living standards and it did it in spite of all the government interference. The 2 biggest thing that fucked us and will lead to our downfall is the creation of the Federal reserve in 1913 and getting rid of the Gold standard in '71. Sound money is the only thing that can restore balance and keep the spend happy politicians in check.

 

[Peter Gibbons]

A) Yes, greed is natural. Everyone wants things for themselves and they can never have enough. But greed isn't a bad thing. In true capitalism, the only way a greedy person gets rich is to enrich the lives of other in the process, usually by providing something of value to consumers and employing people to provide said things in order to make more money for themselves. A rising tide lifts all boats as they say. True greed is wanting to steal something away from someone who earned it and voting for a government that promises to steal from someone else and give to you.

B) Yes, corruption largely exists because a lot of powerful people have a lot of money to buy political favors and basically get away with anything they want if they have enough money. There are really two classes of people: the elite ruling class and everyone else. The only reasonable and logical solution is to return to a system of small limited government that doesn't have the power to play Santa Claus and over promise every thing that every voter wants and use said promises to buy their votes. We need sound money and fiscal responsibility. The fed was put in place to keep the government spending in check but instead, all they do is fund deficit spending by monetizing the debt. Hence why they hold $9 trillion of the governments' $30 trillion of debt on their balance sheet. All of this distortion leads to the massive imbalances in our economy and these nasty boom bust cycles that get worse and worse every time because they never solve the problems they create, they just try to hide them by reinflating the bubbles they've blown. But it takes more and more to blow them back up and they're just about out of air.

C) Yes there are a lot of fucked up laws on the books but the government doesn't have the little guys best interest at heart. They can't solve any problems with policy. Only make them worse. The best thing to do is get out of the way and let the market fix the imbalances. The big companies will always have an upper hand and power to do a lot of damage but it's because government favors are there to be bought in the first place. Obviously if the government has the power to dole our special favors, people are going to be lined up with money trying to buy those favors. We have to reduce the power of government so they don't have any special favors to give.

You know why I fear my government not private corporations? Corporations can't force me to buy their products. I have to willingly engage in the transaction with them. I'm free to do so. But I'm not free from government. If they impose some dumb law or try to infringe on my rights, they force compliance with the threat of jail time enforced by men with guns. That's the difference.

D) The boom bust cycle exists because of the structure of the house of cards economy. Everyone has to go out on the risk curve to buying dumb shit to generate a return. All it takes to derail the house of cards is just a little wind that blows 1 or 2 cards out from the bottom and the hole thing comes crashing down. Obviously this is going to hurt everyone who is tied up in the ultimate debt bubble we find ourselves in. That's what happens when the price of money (interest rates) is too cheap. And there's the moral hazard that when things go wrong, the fed and the government are going to be there to bail everyone out so it's like no one can lose which encourages even more risk. Allowing bad businesses to fail is what allows capitalism to function smoothly and honestly, but since we haven't had that, the entire system is shitty and fucked up. But you have to understand it isn't capitalism's fault that things are fucked up. It's the government's interference in capitalism that has caused it's failures. Capitalism has been the most successful system in human history to lift the most people out of poverty and improve living standards and it did it in spite of all the government interference. The 2 biggest thing that fucked us and will lead to our downfall is the creation of the Federal reserve in 1913 and getting rid of the Gold standard in '71. Sound money is the only thing that can restore balance and keep the spend happy politicians in check.

So again, your solution is to trust the ruling elites (who are also bad, so long as they also happen to be part of the government, but okay somehow if they are CEOs) and thier benevolence to do the right thing and make sure workers are treated fairly and we all get a fair shake, and it's purely the government's fault that can't happen?

They've shown time and fucking time again they can't handle that responsibility. That's why we have labor unions. That's why we passed all those anti trust laws in the early 20th century. That's why we have the FDIC. And OSHA. And FDA. And the DOT. And the SEC, and a million other private organizations and gov agencies whose some purpose is to keep the excesses in check. Except they've all been bought and paid for by the same money you say is the solution and not the problem.

I mean shit bruh sounds to me like you want a return to gilded age america. You seem like I pretty smart guy I don't need to tell you what happened in the wake of that, or that it was only really gilded for a few.

You AnCap types blow my mind. Like y'all are so close to getting it but you just can't let go of that selfish little voice in your brain telling you you can be the big man one day if you keep trying real hard.