Flying Purple People Eater
30th September 2012, 10:29
One of my good friends is a liberal who has misread marx and now identifies as a 'communist' (he thinks that the abolition of private property means the de-privatisation of industry and the revival of public industry and nationalism), and has consistently berated me with lofty arguments of ultra-keynesianism where taking from 'the rich' and throwing money at poor areas or positions of inequality (institutional racism and whatnot) will solve everyone's problems.
Does anyone have a couple of good criticisms on the monetary system, most notably being why it inevitably centralises and how 'equalising' the money in global economics is detrimental? I understand it's flaws vaguely but am terrible at articulating said flaws with evidence to match them.
So, you got any?
Does anyone have a couple of good criticisms on the monetary system, most notably being why it inevitably centralises and how 'equalising' the money in global economics is detrimental? I understand it's flaws vaguely but am terrible at articulating said flaws with evidence to match them.
So, you got any?