
littlegreenpills posted:my latest twitter beef was trying out SSD-INRF (Socratic Stealth Dialecticism In A Neo-Ricardian Framework) to try and convince some ancap guy about Marxism. it hasnt worked yet. he didnt agree that a capitalist's fundamental job is to endlessly accumulate exchange value and if he doesnt a better capitalist will eat him. he says it only looks that way because the state enforces the use of a single currency instead of letting ppl figure out on their own what to pay for stuff with. now what
lol what. The mechanism that forces capitalists to maximize surplus extraction/profits lest they be forced out of the market is competition, which is also the mechanism driving the efficiency arguments for capitalism. The number of currencies or even a barter regime don't change this. All it could do is create some degree of autarky by preventing some transactions due to the lack of a medium of exchange. To the extent that this relieves pressure on firms to profit by preventing competition, it also precludes virtually any efficiency argument for capitalism.
Also, it's not as if there has always been a state monopoly on printing money or the issuance of scrip in capitalist countries. The Free Banking Era in the 19th century US is just one example.
littlegreenpills posted:my latest twitter beef was trying out SSD-INRF (Socratic Stealth Dialecticism In A Neo-Ricardian Framework) to try and convince some ancap guy about Marxism. it hasnt worked yet. he didnt agree that a capitalist's fundamental job is to endlessly accumulate exchange value and if he doesnt a better capitalist will eat him. he says it only looks that way because the state enforces the use of a single currency instead of letting ppl figure out on their own what to pay for stuff with. now what
the same thing happens with gold which is what he is obviously thinking of unless he means a barter system either way beat his ass
discipline posted:someone RT my free book deal: https://twitter.com/EMQuangel/status/596012986013241344
no but kindled
c_man posted:yeah, it is, Clarence T. Pine