[t1E9mE7JTRjf]

but what does this have to do with capitalism? (apart from it being the scapegoat for all problems as per the current narrative). it's a cute phrase but I'd suggest 'late stage fiat' is more apt. I think this as with hard money instead, there's no need to perpetually eek a living, as the rising tide lifts all boats.

[sfmz]

In the battle of capital vs labor, the capital wins when the laborers are not needed.

[alserio]

does it? seems like that these times the tides are rising only the bigger yachts and sinking the smaller boats

[t1E9mE7JTRjf]

> seems like that these times the tides are rising only the bigger yachts and sinking the smaller boats

my point exactly.

hence last stage fiat. capitalism / [insert false dichotomy here] is a distraction.

[_DeadFred_]

Doesn't China print a huge amount of money and have their currency tied to fiat currency, making theirs a fiat economy as well?

Someone here wrote they are pro free markets, but anti-capitalism/a capitalist class.

The thought being markets are efficient and liberating mechanisms for coordinating production and exchange but concentrated ownership of capital turns those same mechanisms into systems of control and extraction.

[GuinansEyebrows]

> but what does this have to do with capitalism?

if only the capitalists own the robots, only the capitalists will benefit.

[t1E9mE7JTRjf]

in a fiat world yes. in a world using money (not the fake fiat we have now), everyone else gets wealthier at the same time. that's what was taken from us. 'late stage capitalism' etc is just mindless division to distract people that are getting robbed.

[GuinansEyebrows]

i don't understand what you mean. capitalism existed before fiat currency. carnegie, morgan, rockefeller etc all made their fortunes by owning the means of production long before the gold standard was abolished in the united states. we were able to share their wealth via heavy progressive taxation, not because we didn't use fiat currency.