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Cake day: February 24th, 2024

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  • I am not well versed in the terminology of Marx, but I do think given the age, it can do with some updating for modern times.

    I am not sure you need to distinguish between private and personal property.

    I think how I would describe it, is that you get physical goods and services that should be largely unregulated. First order trade.

    But when it comes to derived or abstracted goods, like shares, investments, currencies, they should be regulated to ensure they stay closely tied to the physical assets they represent.

    In terms of property, I do see some issues when as automation and knowledge becomes more prominent as a means of production, we will need to switch to a different way of thinking.

    Something along the lines where knowledge becomes public domain knowledge much sooner than under current laws.

    Then approaching taxation of private property and corporations differently, where they are taxed based on the value of assets. You would also stop taxing on revenue and profit. This way they will always have and incentive to make sure they are using assets effectively, or selling it and not just squat on it, to prevent others from having it. Those taxes would then be used to fund universal basic income.





  • I think it important to distinguish between a free trade market, which should be largely unregulated. People should be able to buy and sell goods on an open market.

    Capital markets, or ownership and control of wealth should be heavily regulated.

    Derivatives should be outlawed and stock trading should have minimum asset holding periods of 24 months or more. Return it to a platform for making investments and raising capital, rather than a gambling and market manipulation platform.

    I would also change the law that the duties of publicly traded company’s board and executives is not profit, but the long term sustainability of the organization.






  • I mean the same thing.

    The main benefit of capitalism is the free market that it establishes. But it requires regulation to prevent control being centralizes by private oligarchs.

    Communism has the same problem of central control of capital and markets, but in their case, its state connected oligarchs.

    If we could have the free market without the incentives to centralize wealth and control, I would be very interested.