@KellMorrHK@haugejostein Government "simply taxing economic activity" changes two-party voluntary transactions into third-party compulsory ones.
Economic systems are defined by the types of these transactions.
When you depart from the definition of one system, you become another.
@KellMorrHK@haugejostein The China comment made me chuckle, as they call themselves communist - yet I have personally executed several capitalistic transactions during my brief time there.
@KellMorrHK@haugejostein That's cool that Marx says that capitalism is "a political system".
But in reality, it is an economic system - the only one the three that is bereft of government coercion.
@KellMorrHK@haugejostein You're right, it is extortion.
But an economic system is comprised of exchanges of goods and/or services.
I'm arguing that when those transactions are no longer voluntary exchanges between two parties (in which both parties benefit), you have departed the system of capitalism.
@KellMorrHK@haugejostein When the government that rules over the voluntary system decides to stop respecting the property rights of its citizens and starts threatening them with incarceration if they don't pay protection money for each transaction, what economic system are you left with?
@Tribuuute@5149jamesli Human intellect has been dulled so far that explaining the three types of economies makes some people look at you as some type of neurodivergent savant.
Clarification: US abandoned capitalism by passing the Tarrif Act of 1789, so James doesn't "live under" this system.
@KellMorrHK@haugejostein Govt meddling is not an economic system, so it can't supplant one.
If you have an economic system comprised of voluntary transactions of private property, what do you call it?
Do you think there are more than three types of economic systems?
@Butters09016449@ElissaSlotkin@MarkHalperin@AbdulElSayed 1 - he's a piece of shit, but he's entitled to his opinion
2 - The US has had a socialist economy ever since the Tariff Act of 1789 (a third party imposing compulsory duties onto the transactions of private citizens is not capitalism). Almost all US politicians are socialists.
@HaleyforMI The American public pays Haley Stevens $174,000 per year to represent the will of her constituents.
Haley's campaign donors pay her $30,000,000+ to represent their interests.
Whose interests will she prioritize once she's in office?
Two of Trump and the GOP's biggest donors - Paul Singer and Jan Koum - are the LARGEST individual donors to the super PAC backing Haley Stevens over Abdul El-Sayed in the in the Democratic Senate primary in Michigan.
[LINK BELOW]
@HaleyforMI If you get elected, will you dutifully represent your constituents and uphold the constitution?
Or will you represent the interests of the people who gave you millions of dollars this election cycle?
@MalloryMcMorrow We've had many bills and laws that aim to lower Healthcare costs, yet costs keeps rising.
Maybe we need fewer laws - or ones that tackle the root cause of inflation: federal deficit spending on a baseless currency via the Federal Reserve.
@RepHaleyStevens The government does not have the constitution authority to do any of the activities that you mentioned.
This is a blatant violation of the oath that you swore to take public office.