Thread 60772650

The communists I know have a deeper understanding of how markets work than the capitalists. Why does this phenomenon exist?

>>60772650 (OP)
Most people are dumb stupid goycattle raised by the state. People who tend to already support the status quo aren't going to feel the need to read a lot of critical theory about it. Communists are retarded though and almost everything they say can be made fun of in one way or another after you read even more and become the high iq ex-leftist capitalist enjoyer.

>>60772650 (OP)
If someone self identifies as a communist they’re probably a college student and currently taking economics classes, that’s why. Regular people (capitalists) have lives and other things to do.

People like this are usually extremely cynical and back leftist movements out of cynicism/hedging their bets

>>60772650 (OP)
You dont actually talk to intelligent capitalists

Go find the smartest commie and the smartest capitalist and the capitalist wins by a million miles, this is why the communist actively avoids serious confrontation and preys on the ignorant. Its anticompetitive behavior and this leads to poor performance, you have to stress test your beliefs

It doesn't. If communists understood markets they wouldn't be communists. They have a tendency to use a bunch of random big words to sound smart but everything they say is nonsense when you actually read what they're saying.

>>60772682
It’s mostly Europeans not college students

>>60772701
Disagree, capitalists seem to have a very limited understanding of banking, it mostly extends to whatever was taught in their classroom

>>60772711
Disagree, they seem to have very innate knowledge of market structure and inner mechanisms that everyone except the most detailed of inner sanctum bankers don’t seem to know about.

>>60772724
>understanding of banking, it mostly extends to whatever was taught in their classroom
His claim in his post was that commies steer clear of smarter book-learned capitalists in order to prey on people like this who, as you say, only know what they learned in class.

>>60772801
That was not my claim, my claim is that many commies are more book smart than capitalists. Most capitalists don’t know how the dollar reserve functions, they don’t understand Eurodollar systems, they don’t know dick about their all powerful dollar while the commies do.

>>60772818
You're still strawmanning my retard. For the commies i talk to, their intellect goes gibs me dat and that's about it but I dont pretend like that's all of them because im not disingenuous or retarded. The average commie certainly does not know how the dollar reserve functions

>>60772849
I think that’s a you problem with surrounding yourself with retards then. For those of us who don’t strive to only keep company with intellectual punching bags, I think the commies have spent far more time studying their enemy than the average capitalist knows about themselves. All the good banking literature online post 2000’s is from commies and anarchists.

>>60772868
I can tell you are just doing praxis nonsense(that doesnt work btw)

Maybe you should seek out the less retarded capitalists instead

>>60772818
>That was not my claim, my claim is that many commies are more book smart than capitalists.
Wasn't talking about you retard
>Go find the smartest commie and the smartest capitalist and the capitalist wins by a million miles, this is why the communist actively avoids serious confrontation and preys on the ignorant. Its anticompetitive behavior and this leads to poor performance, you have to stress test your beliefs

>>60772650 (OP)
>The communists I know
Aka: generic White liberals

>>60772650 (OP)
>low iq: any free commerce like bartering is capitalism; taxes are muh communism
>midwit iq: communism
>high iq: capitalism is the most market-efficient system of capital distribution

>>60772724
Book smarts haven't stopped them from constantly getting stomped out by black people. Maybe they should have invested in some street smarts.

>>60772885
>>60772888
>>60772896
Literally not an argument, just blind seething that muh hecking biznessmen are totally so much smarter, despite the contrary being true.

Here look, commie literature which is more knowledgable on markets than you sad bootlickers could ever hope to be

https://theanarchistlibrary.org/library/paul-bowman-financial-weapons-of-mass-destruction

>>60772885
Nice reddit spacing, liberal

>>60772868
>I think the commies have spent far more time studying their enemy than the average capitalist knows about themselves.
see >>60772680 . People who support the status quo have no reason to learn it's detailed nuances, critiques, or counters to critiques. So commies pick on retarded people who don't know how the dollar works all day and use what they've learned to punch down. But they fear the capitalist who does actually understand the monetary system and can eloquently argue in favor of capitalist market dynamics, which is what me and the other guy have been trying to tell you

>>60772923
>They fear
I don’t fear you. I work with retards all day in high banking that haven’t a clue about the industry they are in. The commies literally know more than any of you retards or the majority of people I meet in the industry on any given basis.

>>60772915
>bootlickers
We have been calmly trying to explain to you your misunderstanding of our posts and you're already resorting to rabid commie seething over nothing. This is why you guys lose.

>>60772942
>calmly trying to explain
No you’ve just stated incorrect musings. I am still the only one who’s posted any sort of proof in this thread.

>>60772939
You're a generic sheltered White liberal suburban kid. Nobody sees you as real "communists"

>>60772949
>he thinks anything said itt needs any kind of proof

>>60772960
>you're XXXX
I don’t consider myself a communist, I just don’t consider any of you or any of the self professed capitalists I’ve met to be in any way knowledgable on markets. Again to my OP, the people I’ve met who know the most about markets are all communists.

>>60772650 (OP)
smart people think "how can i improve it"
simple people think "how can i learn it"

>>60772915
> With such a large topic it is tricky finding a route into the subject and a plan of enquiry. The chosen road is to start with a look at the financial markets, particularly focusing on the mechanics of some of the instruments that have led to a momentous transformation of the workings of global financial markets in the most recent decades.

>At first sight, this approach may seem odd, perverse even, like examining the internal workings of a clock as a prelude to discussion the social relations of time. However this “inside-out” approach is justified by the fact that as well as a system of social relations, capitalism is also a system with internal mechanics. Those mechanics evolve in response to the historical development of struggles over exploitation, but what new directions the new mechanics make possible in terms of capitalist strategies, in turn, shape the new struggles of today and tomorrow. The next article in the series will place these market mechanics in their fuller historical context. But for now let’s start by investigating the mechanics of capitalist financial markets.
kek, of course they have to make "learning how capitalism and the world actually works" as some grand journey of exploration that would normally be beneath such thinkers as themselves kek. i can't wait for the revolutionary class-analysis themed analysis of how bond markets work

>>60772980
Seriously touch grass liberal

>>60772989
What's funny is there's actual scientific documentation that these people who think they're "smart intellectuas" or "deep thinkers" never actually are and are almost always terminally online college aged reddit types.

>>60772989
>Sure enough those markets crashed — or went through a “market correction” in the panglossian jargon of the uncritical market-fundamentalists.
keeeeek i love leftist writings for stuff like this, they sound so fucking stupid but they think they're so smug and smart writing something like this LMFAO

>>60772650 (OP)
made the thread pretending that he knew some commies that had superior market knowledge than so called capitalists quickly revealed it was just a thread for him to try and one up so called capitalists and there was no communists he knew just himself and his delusions then commence sperging out when called out

>>60773030
Do I smell a samefaggot?

>>60773030
/thread

>>60772650 (OP)
Commies are advocating for a system that is pragmatically and physically impossible
That fact looms large and overshadows any and all arguments of their academic merit, which ends any and all 'debate' about the merits of supply and demand based trade (capitalism) moot

>>60773091
*which renders
Damn phoneposting

>>60772650 (OP)
>capitalists
This term is literally invented by communists to attack people who are in favor of a more open market
I've never known anyone who fights for "capitalism" in the sense that they want a 100% open market

>>60772650 (OP)
>communists
read things and think
>capitalists
buy things and announce how much they like it

>>60773112
Ok, then replace capitalists with bankers. My point stands.

>>60772868
>All the good banking literature online post 2000’s
Such as?

>>60773229
Anythinn from the WEF, the papers written by the commies from the “central bank”, the archive I posted prior. Hell even the Hollywood commies make better movies about banking than anything anyone else has put out.

>>60772650 (OP)
The communist I know think communism is universal income without mandatory labour. Personally, I only know of one communist that is sane and smart. The rest are idiots.
That being said, I don't know a lot of self proclaimed capitalist fans to be very knowledgeable either.

>>60773378
Went to a leftist subreddit and the very first post is a 20 something year old adult complaining that their parents won't buy them the new nintendo switch. I can't take them seriously.

>>60772650 (OP)
Because the black market is the absolute purest form of capitalism there is.

>>60773228
Bankers

>>60772650 (OP)
The only person I've ever known who unironically called themselves a communist is a bartender I work with who is a stereotypical starbucks latte girly.
She doesn't know what "non-zero" means either

>>60773228
What kind of bankers, xir???

>>60773411
>>60773745
Oh I’m sorry, are the bankers who print your money not practicing “Real Capitalism”?

>>60773819
Go back to discord, you IQ isn't high enough to have these kinds of discussions with people.

>>60772650 (OP)
If they actually, truly did, they wouldn't be commies.

>>60773819
Bankers

>>60772650 (OP)
Non-retarded capitalists tend to run very successful businesses and have a lot of money, and you are unlikely to know people like that personally. The "capitalists" you know are mostly indians on twitter spamming "WHEN MOON???" on random crypto posts.

Communists on the other hand try to gain an elementary understanding of capitalism so they can hate it more efficiently. The indians aren't doing that.

>>60773745
They don't like that question

>>60773915
>>60773922
Exactly as I said, it’s not “Real Capitalism” according to anon. We’re not trying real capitalism of course it all makes sense now

>>60773941
Bankers

>>60773745
Amazing how this simple question completely ended OP. Every time

commie anon learned about bond markets and how stock works today and thinks he knows more than all capitalists in the world

>>60773992
>bond markets and stocks
Anon doesn’t know about the shadow banking system, sad!

OP BTFO

>>60773819
>printing money
>capitalism
Your question really answered itself there, didn't it?

>>60774027
The concept of floating currencies existed before the specter of communism descended on Europe and was a full fledged national economic tool by the time we defeated the Soviet Union.

Not looking good for the “Real Capitalism TM” arguments still!

>>60774027
you'll notice the common theme with these sheltered White reddit liberals like OP is that they constantly complain about the "people beneath them" being more successful. The simple fact is that those people are not beneath them, they're just not as smart as they think they are. Those people "beneath them" are literally just smarter than them. OP and his comrades are not intellectuals like they think they are, they just spend most of their time in extremely censored echochambers like reddit and can't grasp the fact they're not as special as their parents told them they are. As can be seen by how much OP is struggling here without his downvote powers and mod censorship.
Huge difference between educated and smart. Every rich kid has a college education. Doesn't mean they're all smart.

>>60773819
The USSR had a central bank, maam.
>>60773941
>>60774009
>>60774048
and yes it was "real capitalism".

>>60773410
I believe you anon to be correct. I believe often times communists have been forced into the black market for various reasons, which includes the dimly lit areas where the systems underpinning global control interact with domestic governance ones. The person inside the cage has a much better idea of what it actually is. I agree black markets are unregulated, corruption and greed at a feature ect, and the purest form of market, and capitalism as we think about is a construct of government almost gentrifying the process of controlling unregulated markets to the masses.

>>60774113
I’ve posted on only /biz/ though and didn’t go to college Kek. Lot of propoganda to be completely wrong, I’m sorry my lived experience doesn’t work well with your talking points.

>>60774134
>The USSR had a central bank
So your argument is… Real Capitalism hasn’t been tried because banks aren’t capitalist?

Sounds very familiar

>>60774156
Better luck next time OP. Try going outside some day. You'll learn a lot put there

>>60774200
Not an argument, I’m sorry. I browse 4chan, work in banking, and don’t have a degree. Sorry if that causes you mental anguish but I am in the exact middle of the demographic you just said I wasn’t a part of and I think you have no argument and are just trying to be an ill educated angry person.

>>60774134
/thread
OP embarrassed and destroyed

This whole thread
>commies are the tru intellectuals
>le capitalists be dum
Almost every post:
>here's how the modern system has deviated---
>NOOOOOOO THAT ISNT THE STRAWMAN I WANTED TO ARGUE YOU STOOPID MONGRELS
For being so 'smart' you sure do have a hard time reading, op
Guess its tough with all those dicks in your mouth

>>60774348
I’m the only one to have provided any sort of reading material on my point in this thread. It’s ok though, I understand the superiority of my logic can be hard to debate for those who consume shitpost slop.

>>60774348
This didn't go the way OP hoped it would

>>60774405
Most assuredly
Xim's not a student of history, or...much of anything it would seem

>>60773941
No one said central banking "isn't real communism." It was implied that central banking isn't a form of capitalism at all, but is rather a concept completely independent of the capitalism/communism spectrum. Funny how you predictably latched on to the "not real capitalism" strawman at first opportunity as you were no doubt looking over your common communist dogma defense checklist though.

>>60774541
>isn't real capitalism
freudian slip

>>60774156
Central banks aren't capitalist
>In “Manifesto of the Communist Party” (1848),, Karl Marx calls for “measures” — by which he means “despotic inroads on the rights of property” –, which would be “unavoidable as a means of entirely revolutionising the mode of production,” that is, bringing about socialism-communism. Marx’s measure number five reads: “Centralisation of credit in the hands of the state, by means of a national bank with State capital and an exclusive monopoly.”
https://mises.org/mises-wire/why-marx-loved-central-banks

>>60774541
>>60774560
>N-No it has nothing to do with anything! Banking is totally ambivalent to capitalism

Then your point is totally ambivalent to my fucking thread. If you don’t consider currency markets as central to modern capitalism then we have little to discuss and yes of course you would then disagree communists know anything about capitalism since it doesn’t fit your description. Trillions of dollars say you’re retarded but the fuck does money and money exchange have to do with capitalism anyway apparently kekw

>>60774393
Oh my God. An exact fucking stereotype of the sheltered redditor who thinks he's smart. No wonder you're struggling so hard here.

>>60774670
>20 PTBTID
/pol/ brainrot, sad to see!

>>60774541
/thread
Much like November, OP learned the hard way yet again that reddit isn't the real world.

>>60772650 (OP)
Let me guess, they are all angry and poor, and on cocktails of pharmaceuticals?

>>60774865
I think that’s everyone I’ve ever met in life, no matter what side they are on.

>>60774865
They also self diagnose themselves with disorders they don't have and make it part of their identity.

>>60772650 (OP)
Communists don't even realise they are useful idiots of jews, of course they don't understand how markets work. They believe in the labor theory of value. They believe in price and wage controls. They're just ignorant and there's no point engaging with them, you might as well argue with a toddler.

Politics are biological. People are communists because they have low biological value and they see it as their best life strategy, which makes sense. If you are stupid, incompetent, useless, and perhaps gay and disabled, you would probably be a communist too because useless people don't do well in natural hierarchies.

>>60774651
>communist continues believing he is more intelligent than everyone else despite his ideas of capitalism being 100% entirely informed by the children's game "monopoly" and the monocle wearing mascot thereof

>>60775014
Not an argument. Thanks for playing!

>>60772650 (OP)
K

>>60775014
Tbf OP doesn't even know any communists. Just his fellow sheltered White reddit kids who called themselves communists after becoming obsessed with imaginary nazis after 2016. 99% of them grow out of it once they start getting out into the real world.
At least actual communists do something and fight etc. Weirdos like OP just fail at pretending to be intellectuals and can't do anything without their strict reddit censorship.

>>60775035
There isn't really much to argue against. You think that capitalism = banking, a position so profoundly retarded that not even most commies subscribe to it. To get you to a level where you're capable of actual discourse in this realm would take literal months of study on your part.

>>60772650 (OP)
they dont, they are just more confident in their bullshit

I never met a communist who understood how prices form, how accumulation of capital increases productivity, how resources are distributed in markets, or the inevitability of hierarchies in human society. Of course I have met some stupid capitalists too.

>>60775105
I already posted my proof. Not a single anon in today’s thread has bothered to actually read and provide commentary on the article I supplied as proof of communists being better educated in this realm. It’s only bolstered my convictions really.

>>60775105
OP embarrassed himself and posted no proof. Absolutely rekt

>>60775240
>commutard posts masturbatory academic opinion piece explaining basic financial instruments tainted with superfluous leftoid revolutionary bias
>this is all the proof he needs to come gloat on 4chan that commies are smart
what a pointless, gay game you're playing.

>>60775432
Ok, prove me wrong, give your take on the authors analysis of the Eurodollar market. I’ll wait.

This nigga clitty still leaking? KEK
Turn the screen off little vro.

>>60775472
By your own rules of engagement which you set yourself in this shitheap thread, i wouldn't need to directly refute anything in the article. If i really wanted to play your shitty game, i would just post dozens of articles from the Mises Institute and say "there see, capitalism smart." But i don't want to play your game, i just want to berate you for being a retarded commie with a case of dunning-kruger that would be exceptional if you were anything but a communog.

>>60772682
Communists have a massive cope to explain how price discovery is supposed to work in a communist state. Usually commies will just take crib notes off of what capitalist markets are doing, but how is that feasible for a style of government presumably for all the workers of the world?

>>60775606
>mises
Oh, you’re retarded, I see. Well I suppose I too would be confused and scared if I only consumed decades old libertarian talking points

>>60775665
>retard commie jumps at the chance to attack anon for his endorsement of Mises only to reread the comment another 8 times and finally realize that no such endorsement was ever made
oh no

>>60775686
>I would post dozens of articles from Mises and go see capitalism smart
Oh no, it’s retarded!

>only le internet approved personalities can be right! (Gluck Gluck Gluck)

>>60775718
No one, including you, has any idea what you're trying to say here.

>>60775748
Basically, you’re a cuck and can’t think for yourself, you stick yourself in an echo chamber and only ever read anything that reinforces your delusion of mental superiority. It’s unfortunately the defacto mindset of 4chan these days, as evidenced by the literal AI slop bot infesting the thread with low quality rage bait.

>>60775764
Your first sentence literally just describes communists down to the letter

>>60772680
>Said “Ex-Leftist” instead of “Post-Leftist”
Nice try, sub-leftist cattle.

I love these threads. you can see how people call one each other names and say "no u!" and "you are not smart, you poseur, I'm smart!" and talking about concepts that they didn't even define before starting the discussion.

>>60775240
>Not a single anon in today’s thread has bothered to actually read and provide commentary on the article I supplied as proof of communists being better educated in this realm.
I read the entirety of it over the course of today. It is nothing more than the equivalent of summarized, brief wikipedia articles on the respective topics that it covered, but said in a left-wing way and with the presumption that all of it is bad somehow in the end (an end it never got to). That you think it contains any novel insight is exemplary of the lack of education that you actually have.

>>60775665
>"Well I suppose I too would be confused and scared if I only consumed decades old libertarian talking points"
>says guy clinging to the ideology of a dead guy from 200 years ago

>>60775794
Ex-leftist in the Landian sense.

>>60775828
Furthermore,
https://www.stlouisfed.org/on-the-economy/2022/january/bretton-woods-growth-eurodollar-market
Here is a federal reserve bank talking about eurodollars and how it collapsed bretton-woods, same as in the article. I don't like the federal reserve, but I wouldn't go so far as to call it a communist institution.

Additionally: in order to prevent the 2008 financial crisis, which the article was written to explain, could have been prevent by one simple fix: make fractional reserve banking illegal. Suddenly, banks cannot owe more than they can actually pay, and all the issues go away.

>>60775609
They just hand waive that shit away. Despite the fact they claim capitalism is unsustainable because it requires growth, communism is on the other hand always just so fucking close to being post scarcity (at which point price discovery doesn't matter they'll just have an infinite amount of everything) if it wasn't for those dang CIA color revolutions.
In reality, communism just ends up being capitalism with top down dictats. It's how you get comical shit like the soviets managing to put a man in space before they had mass produced toilet paper.

> the local trans furry meetup knows more about markets than uh idk that guy from high school with an MBA who i don't like
is that why they can't afford literally anything and think a $10 uber is worse than an hour bus ride?
or that taxing middle class even more magically makes the bottom quintile functioning members of society? (it won't)

>>60775860
>In reality, communism just ends up being capitalism with top down dictats.
That sounds like Fascism with extra steps

>>60775828
>nothing more than an equivalent summarized Wikipedia article
Ok, please I invite you to give your own in depth explanation then

>>60775831
As if I needed any more proof nobody in this thread actually reads anything and just knee jerk reacts, I’ve said already I don’t consider myself communist

>>60775857
Additionally why would a capitalist economy want to curtail private money creation for public money creation like that. Oh wait sorry we’re not discussing anything important in here just complaining how banking isn’t capitalism sorry I’ll shut up now, you’re totally right end the fed bro!

How does knowing how many ounces of gold there are in yarn help you stock pick

>>60776006
The only thing communism is right about is the economy being a dirty whore that needs some cum

>>60776001
>Ok, please I invite you to give your own in depth explanation then
Why? There's nothing more to explain. There is nothing leftist about his explanations. All he did was tell you how various financial instruments work.
>Additionally why would a capitalist economy want to curtail private money creation for public money creation like that.
First of all, there is no "public" or "private" money creation, or banking for that matter, in America. It all belongs on the Fed's balance sheet.
Secondly, because it's sound economics. Marginal reserve lending leads to debt bubbles. Debt bubbles lead to economic crashes. Economic crashes lead to a depresion.

>>60776041
>Marginal reserve lending
fractional reserve banking*
i had a few shots

>>60776041
The guilded age was real capitalism snd it sucked too. Theres nothing natural or supernatural about the economy. The guy laying down pipes and me going to 711 to get some snacks that were made in a factory are the economy.
It is an unnatural fiction that's departed from tribal times.
Just like chinese government built trains and cities that wouldn't have been built otherwise.

>>60776059
>real capitalism
I don't fucking care what is "real" or "fake" capitalism. Grow up.

>>60776041
>there’s no public or private money creation it’s all on the feds balance sheet
Wrong, we don’t have capital controls, we have a free market, hence the Fed cannot control “their balance sheet” (by balance sheet I presume you mean OCC capital leverage ratio calculations)
>fractional reserve leads to debt bubbles
Wrong, malinvestment leads to debt bubbles. Debt bubbles existed before fractional banking.
>there’s nothing more to explain
Given your responses I doubt you read it even, but wouldn’t be surprised if you simply don’t understand the connections between what you just posted and the article either.

isn't capitalism the system that allows people to use money to make more money?

>>60776110
>Wrong, malinvestment leads to debt bubbles. Debt bubbles existed before fractional banking
No.
Under fractional reserve banking, banks can lend out more money they can actually have. When they end up having to actually pay with money that they don't have, they fail, and the federal government can never let them do that, and so bails them out whenever they show any signs of trouble. All banks in America are property of the U.S.G. and can be seized by them for any reason, hence, there is no private or public banking, It's the same company (USG).

>>60776110
Spending 13 hours getting embarrassed in your 4chan bait thread is not something a smart person would do. It's something an unemployed sheltered redditor who lives with his mom would do.

>>60776233
>When they end up having to actually pay with money that they don't have, they fail, and the federal government can never let them do that, and so bails them out whenever they show any signs of trouble. All banks in America are property of the U.S.G. and can be seized by them for any reason, hence, there is no private or public banking, It's the same company (USG).
Wrong, when they “end up having to pay with money they don’t have” the federal reserve decides if they need to increase the level of RESERVES in the system by exchanging the banks assets for reserves. You are arguing points you can’t even articulate properly.

>>60776293
>26 PBTID
It’s ok don’t feel bad ai slop ragebait anon, there’s someone for everyone :)

>>60776305
13 hours straight. K3k

>>60776305
Double kek

>>60776312
Well this is awkward. Im sure you wouldn’t also be complaining if I made a 1 PBTID bait thread right :)

Kek

why are poltards spamming trannies again?

>>60776302
Then everyones goal would be to start a bank and get unlimited money based retard.

>>60777255
It’s not unlimited money though, it’s curtailed by your risk, your malinvestment, as I’ve already said.

>13 hours arguing
>sleeps
>wakes up to begin arguing again
Get a tripcode.

>>60777695
>just let me unilaterally profile you
Fucking reddit cucks

>>60777695
Sad desu

>>60772650 (OP)
Communists and socialists are the flat earthers of economics.

That they think they have discovered something new or fantastic despite it being old, tried, and failed each time its tried just shows they are just as dumb as flat earthers, but more dangerous. at least flat earthers dont want to steal my shit and gulag me if i dont agree with their idea of reality.

>>60772724
communists learn from retarded reddit/youtube sources just like flat earthers... you are not winning arguments, people just dont want to bother with your retardation any more

>>60772650 (OP)
because capitalism works regardless of whether anyone understands it

>>60772918
yup

"I cannot manage my own life but let me tell you how much better Id be at managing everyone elses life."

as they campaign steal from the productive and enrich whichever grifter is at the top of the commy/socialist pyramid scheme.

>>60772650 (OP)
Communists can read more than a paragraph
Capitalists think reading is gay and woke so they dont understand basic economics

>>60773397
Going to reddit and seeing something retarded is like going to an aquarium and seeing a fish

psst. let this thread die already it sucks lest OP come back.