Monday, February 15, 2016
  It actually worked.

Subhead on an article at Federalist:

Septuagenarian presidential candidate Bernie Sanders has been capitalizing on young people’s lack of knowledge and life experience to sell them a bill of rotten goods.

Yeah, partly true. The young socialist : old capitalist saying, attributed to everyone, makes sense.

But I'm an old coot. Started out Soviet, ran with capitalism for a long time, and now I've turned all the way back to Soviet.

It's NOT lack of experience. I've worked for small business, big corporations, governments, and myself.

After pondering constants and variables as usual, I see the key variable.

SAVINGS. If you can save and earn interest, capitalism works. Capitalism balances risk and reward, but ONLY when you can SAVE during the fat times and USE YOUR SAVINGS while building up a new business or training for new jobs. Fill the reservoir, empty the reservoir. Charge and discharge the capacitor.

REAL CAPITALISM requires REAL INVESTMENT based on REAL INCREASED VALUE, with REAL INTEREST RATES serving as the regulator and feedback loop.

The EU/US/UK system no longer creates REAL VALUE and no longer allows savings. Several EU countries have already flipped over to reverse interest, where your savings depreciate like a travel trailer. This means you are EXPECTED TO LIVE IN DEBT. You are FORBIDDEN TO INVEST, forbidden to provide for your own security. You must be INFINITELY INSECURE AT ALL TIMES.

This system is not capitalism. This system EXPLICITLY PUNISHES any attempt to be capitalist.

And NO, MONSTER RANDIAN FUCKHEADS, I DO NOT MEAN THAT IT PUNISHES THE RICH BY TAXING THEIR CRIMES. EXACTLY EXACTLY EXACTLY EXACTLY EXACTLY THE FUCKING OPPOSITE. THIS SYSTEM REWARDS THE RICH FOR COMMITTING TOTAL GENOCIDE. PURE CRIME. PURE EVIL. SATAN HAS CLOSED THE DOORS OF HELL ON YOU.

I don't see any way out of this except the actual Soviet approach, where businesses were expected to make things, expected to earn an actual profit, expected to employ actual Russians, expected to invest in production, and expected to pay taxes. Gosbank guaranteed that enterprises would do these things, and closed them down if they failed.

It actually worked. The result was drab and unexciting, but it was secure, and it was VASTLY CLOSER TO REAL CAPITALISM THAN OUR CURRENT UNIMAGINABLY VILE SHITPIT.

= = = = =

What about sharia? For a couple years I've been looking favorably on sharia economics, which aims to connect the needs and talents of rich and poor into a productive circuit. I can't get past the prohibition on interest, which cuts out the feedback part of a healthy circuit.

SAVINGS again. Sharia doesn't leave room for the office or factory worker who wants to put away part of his weekly wages toward a large purchase or emergency. In theory you're not supposed to 'hoard' money; you're always supposed to invest it directly toward a business venture. This simply doesn't work in a modern urban situation. The factory worker wants a relatively risk-free way to 'hoard' ten dollars a week, and he's more likely to leave the money in place if he sees the money growing.

The pre-Goldman US economy provided this reservoir, and the post-Stalin Soviet system also provided it. Going back to pre-Goldman, even if possible, is pointless. We know from repeated experience that Goldman will always roar back into total power unless it's EXTINCT. The Soviet system accomplished that goal.

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Polistra was named after the original townsite of Manhattan (the one in Kansas). When I was growing up in Manhattan, I spent a lot of time exploring by foot, bike, and car. I discovered the ruins of an old mill along Wildcat Creek, and decided (inaccurately) that it was the remains of the original site of Polistra. Accurate or not, I've always liked the name, with its echoes of Poland (an under-appreciated friend of freedom) and stars. ==== The title icon is explained here. ==== Switchover: This 2007 entry marks a sharp change in worldview from neocon to pure populist. ===== The long illustrated story of Polistra's Dream is a time-travel fable, attempting to answer the dangerous revision of New Deal history propagated by Amity Shlaes. The Dream has 8 episodes, linked in a chain from the first. This entry explains the Shlaes connection.

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