About Socialism

lol. There is no public sector under true, free market capitalism.

 

Great. Now is public justice, by which I assume that you mean justice delivered by a state and being whatever a state says it is, objectively morally superior to any other form of justice?

 

The rest of the supposed definition is mostly leftist attacking it.

 

You realize that dollars, half-dollars, quarters, and dimes were silver until 1964, right?
Anyway, there are many ways for merchant accounts to be settled other than exchanging bags of coins. ATM cards, cheques, banknotes, Venmo, ETFs, PayPal, etc.

Resorting to barter? I never suggested resorting to barter.

 

Socialism is more than just another word for government, so not really no.

 

That would be because capitalism is about markets not governance.

 

No, its about capital accumulation by extracting surplus value through wage labour. A market is not a necessary condition for that.

 

Value can't be extracted because value doesn't exist in the physical world.

 

Nonsense. A market is by definition a place where things are bought and sold if there is no place to buy and sell you are going to have a hell of a time accumulating anything least of all capital.

 

A market is consistent with anarchism and socialism. It's not necessary for the extraction of surplus value. We saw that within the dictatorship of state capitalism.

 

Value cannot be extracted from anything.

 

if you want "consistency", public justice is better than private justice.

 

because, government is socialism. capitalism cannot be socialism or include government.

 

is that still capitalism if no capital need circulate?

 

usually, market based arbitrage can determine value.

 

The closest thing to socialism to me that we have is Hydro-electric power companies and Port authorities. We build dams and sell the power, to me that is socialism. Port authorities own the property, and charge usage fees, that is socialism. Of course the Military, FBI, Treasury, Police, fire, etc all all socialistic organizations, where the employees are government employees, and the work is done to the governments design.

Defense suppliers are still private but do work to government specs.

 

Government is not socialism, One can have government without having socialism. Capitalism is how markets work when unimpeded by excessive government regulation, so of course it isn't government nor have I ever claimed otherwise.

 

No, you can't. You would know this if the right wing did not appeal to so much ignorance and expect to be taken seriously. You cannot have Government without Socialism because that would be, Anarcho-Communism.

 

High level nonsense socialism is a style of government, which you would know if you actually understood history. Ther have been governments since we were hunter gatherers. Rational folk find the notion of Julius Ceasar as a socialist absurd.

 

he relied on the Power of the State not his Capital.

 

No, that's criticism of capitalism. I'm asking you to give the rest of the definition.

 

You realize that we've gone beyond coins long before 1964, right? Read your second sentence for details.

I wrote that your fantasy involves resorting to barter or to precious metals. The reality is that capitalist systems have gone beyond that, and for obvious reasons.

 

There is no rest. Capitalism is little more than how markets work when government s avoid undue interference

 

Capitalism relies on such principles because they cannot operate without legal systems to legitimize private property, allow for fiat currencies, ensure limited liability for corporations, etc.

 

In 1963, a dollar was 26.73 grams of 90% silver. Are you saying that we didn't have capitalism in 1963?