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crazy idea, let's just feed people

3 years ago by rockSlayer to c/leftism

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uriel238 110 points 3 years ago

This is why the US government runs the mail service, since it guarantees delivery to every address, no matter how remote, even if at a loss.

This is why education should stay a government service, so that schools exist for every student, even when a given class is too small.

And this is why medicine will always need a socialized element, since rare diseases are not profitable enough to treat.

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Devouring -47 points 3 years ago

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unfreeradical 17 points 3 years ago

All money is free. It is not taken from some limited store, but rather created by government, freely.

The value, stability, and legitimacy of money is sustained by the supremacy of state power. By such power, the government both determines the supply and shapes the distribution of money, and is assured never to be insolvent.

No distribution of money is natural or naturally superior.

Money is a social construct directed by political will.

Price inflation currently occurring is largely due to the political choice to distribute money to corporations.

That is, as a consequence of particular political choices, the already imbalanced distribution has become even more unfavorable toward workers.

If the political will were rather toward distributing money to workers, then prices may follow a pattern of gradual inflation, but as long as workers' income keeps pace, workers would not be harmed by it even in the slightly.

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Bgugi 0 points 3 years ago

Money is not free. The cost of new money is devaluation of old money.

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unfreeradical 2 points 3 years ago

Devaluation is not a cost.

It is, however, a consequence of expanding the money supply.

In turn, however, expansion of supply is not a threat, because of the various capacities for the government to withdraw money, as through taxation, or central bank policy.

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