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8/3/2025, 8:11:57 AM
>>512098687
>Capitalism without banks
You mean probably the worst time in history with the most suffering as a 1820s-1900 laborer in Europe where people didn't have shit and starved?
How do you reconcile that with the role of cushioning the falling rate of profit by providing credit for expansion and investment and consequently prolonging the capitalist system by aiding the falling profit rate?
>You're conflating finance with economics.
You can't separate finance from economics in imperalism. Finance is the circulatory and command system of the modern capitalist economy. Currency devaluation isn't "just a banker thing." it's a weapon for competitive devaluations, boosting exports, and inflating away real wages and debt burdens. Benefiting capital as a whole at the expense of labor.
>Capitalism without banks
You mean probably the worst time in history with the most suffering as a 1820s-1900 laborer in Europe where people didn't have shit and starved?
How do you reconcile that with the role of cushioning the falling rate of profit by providing credit for expansion and investment and consequently prolonging the capitalist system by aiding the falling profit rate?
>You're conflating finance with economics.
You can't separate finance from economics in imperalism. Finance is the circulatory and command system of the modern capitalist economy. Currency devaluation isn't "just a banker thing." it's a weapon for competitive devaluations, boosting exports, and inflating away real wages and debt burdens. Benefiting capital as a whole at the expense of labor.
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