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Time Value of Money Anonymous 09/16/2020 (Wed) 18:52:09 No. 873630 [Reply] [Last]
One of the things Austrian critics of the LTV and modern finance theory have in common is the idea that money made on interest is not just extractive exploitation but is compensation for the 'time value of money'. Let me explain. According to finance theory, money now is worth more than money later. Because you can use money now to invest in something or spend, getting for example 100$ right now is worth less than getting $100 in three years, even with no inflation. https://en.wikipedia.org/wiki/Present_value example: a Business invests $25k in a project (C0) that earns $30k over 3 years. But you could have used that money to earn 5% on a stonk/loan/whatever. So the $30k revenue is actually only worth about $27k in today's dollars. So you are only making 2.2k not 5k because you're accounting for the time value of money. And according to them this is why charging interest on loans is justified, because its just equal compensation for the time value of money from the lender's perspective. How does /leftypol/ address this? Is there such a thing as time value of money or is this just made up booj nonsense to justify rents/interest? How does this square with the LTV?
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>>873834 We have different conceptions of freedom, we envision a positive type of freedom in which there is a reduction in hunger, want, an ability to do certain things with our labor by the strictures of the market dominated society (perhaps we believe this wrongly, but still). Libertarian apologists take all those stricutres as inevitable, 'natural' givens and conceive only in a negative type of freedom against society itself. It conceives as every transaction as being axiomatically 'voluntary' even to absurdity. Signed a contract under duress to enslave yourself because otherwise you might drown? It's voluntary, you chose not to die. Also contemporary society is not driven by voluntary exchange and interactions that is fucking laughable, even Austrians know this although they blame the state for producing cronyism. Also forcing corporations, possibly the most genuinely authoritarian, bureaucratic institutions in existence right now to be more democratic is not 'anti-democratic'. They force us to labor a certain way through backing from the state, we will respond with implied violence or at the very least organized resistance in kind. There is no contradiction except to voluntaryists whose conceptions of what is voluntary is whatever social norms exist, they have no conception of cooercion of any sort. Any corporate boss is free to no longer be a corporate boss if they don't want workers or the state from intervening in their everyday decision making -- it's voluntary after all.
>>873834 >In a society primarily driven by voluntary exchange and interactions If you can make such a society real, than please sign me up. >To me this appears to undermine the principles of a liberal democracy founded on self-determination and individual sovereignty, >muh principles It really doesn't mean shit if a Coca-Cola™ militia is allowed to kill labor leaders in Colombia without reprimand, unless you argue that the labor leaders were in a one sided voluntary exchange of bullets with Coca-Cola. This is the normal state of affairs since day 1 of liberal capitalism btw. Capitalism has been enforced since forever via violent means. Better off countries that support themselves on the backs of third world labor might not have had it so bad, but even then, google any country together with "violent protest" to see Capital enforce itself, non-voluntarily, onto the people. Worse off countries, I'm sure you know, get fucked by a myriad of things, but are basically kept poor, violent, and corrupt, for profit purposes.
>>874031 Shoulda spammed epig helicopter memes then like the rest of em.

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Anonymous 09/15/2020 (Tue) 23:35:44 No. 871697 [Reply] [Last]
Are you ready for the biggest financial mistake in human history?
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>>872271 bitcoin crash, google pink fields
>>872256 its all bullshit. All that fancy education vs reddit shitposters is a cointoss on whos right
>>872274 maybe if you're talking about individual actors, but the big hedge funds make their own luck by gaming government and corporations
>Wall Street announces it will listen to WallStreetBets >markets flat the next day
This just in; indian spammers announce a permanent presence on r/wallstreetbets and reddit in order to shill penny stock cryptos

Coronavirus reinfection is possible now Anonymous 08/28/2020 (Fri) 18:35:22 No. 815585 [Reply] [Last]
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>>855454 But it's just a bunch of scientists working laboratories, wtf ? >>855456 the plague didn't cause the capitalist crisis, and the capitalist end of history has already ended.
>>815628 PogChamp
>>816126 Fug:DDDD
https://bgr.com/2020/09/10/coronavirus-vaccine-astrazeneca-phase-3-safety-incident-side-effects/ >Transverse myelitis is an inflammation of both sides of one section of the spinal cord. This neurological disorder often damages the insulating material covering nerve cell fibers (myelin). >Transverse myelitis interrupts the messages that the spinal cord nerves send throughout the body. This can cause pain, muscle weakness, paralysis, sensory problems, or bladder and bowel dysfunction.

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Anonymous 09/08/2020 (Tue) 18:58:28 No. 851302 [Reply] [Last]
Former Vaushoid here. I've been trying to read actual theory instead of just letting my brain rot to Vaush streams, but I still find myself stuck in this "market socialist" shit that vaushoids regurgitate. I don't know how to refute any of it because I'm an utter fucking retard and have 0 reading comprehension. Can someone help summarize why Vaush is wrong? Not trying to get people to win my internal argument for me or anything, I just want some input.
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>>873896 Dommy commies are great even though it is relationship hierarchy
Why is this thread still alive?
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>>866223 Even Jason won't openly admit, that he is using this site
>>873934 Of course a Sakaioid uses this site

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How do I cope with living in an actual anarchocapitalist hellhole? Anonymous 09/15/2020 (Tue) 05:35:07 No. 869347 [Reply] [Last]
My country is like a neutral colony owned by the whole world. Owned by the Americans, the Chinese, the Russians, the Arabs, the EU and now Israel (we are moving our embassy to Jerusalem). It's like the wild west here, anyone can come here and do what they want and there is nobody to say no. Factory workers are often unpaid for months without repercussions and are forced to wear DIAPERS because they don't get bathroom breaks. My country may not be officially ancapistan, but it is effectively so. There is no rule of law; it is owned by foreign states, foreign corporations and the domestic mafia. Worst of all there is almost no revolutionary zeal, people have developed an almost like Stockholm syndrome. At least I can say ancaps are fucking retards because I literally live in the best counter-argument against their ideology.
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>>869347 Meni se po malo svidja ovaj naš hoj-haj slobodarski duh u kome možemo da radimo svašta bez snažnog državnog aparata npr. Gomilanje naouružanja;) Opet, znam da slobode nema dok se okovi kapitala ne zbace i dok narod ne prestane dozvolu za neskapavanje plaćati robovskim radom za strane privatnike. Do tada ćemo biti banana kolonija.
>>869386 Based. >>869396 When you’re proudly ignorant like that guy he should be ridiculed. American or not. But Americans especially.
Do you live in Somalia anon?
>>869999 Based Hoxhaist with based quads
>>870233 >proudly

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BASED KANYE! Anonymous 09/16/2020 (Wed) 19:38:40 No. 873729 [Reply] [Last]
Reminder some of you supported this mentally disabled man. Tried to find the thread, but it was probably under some retarded name ya'll know for him because you lap this shit up.
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Having the big islamist countries recognize israel may be a double-edged sword for the imprialists. On one hand, this will empower israel, but on the other, it may decouple the israeli economy from a reliance on trade with the USA and other imperialist countries that have a monopoly on israeli politics through trade. To put it bluntly, it could allow israel to be incorporated into a "middle-eastern sphere of influence", and achieve autonomy away from the USA.
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>>873746 I don't see it empowering Israel. It reminds me more of when they try to open a wine bar in the ghetto. It's the same look and everything, all smiles. They know whatever they've done today will be wiped out by instability before it turns a real profit. They buy the myth of the long shot.
Also, peace only lasts about a hundred more years, political conditions aside. The next couple degree warm-ups ought to make that region fucking unlivable.
>>873750 heh you did the reddit thing. very funny.

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Daily Beard Anonymous 09/16/2020 (Wed) 15:41:12 No. 873222 [Reply] [Last]
post audio and video news
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Bruh you trying to put newsanon out of business?
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Palestinian insurgents are salvaging sunken british ww1 era bombs and other forgotten infrastructure from the sea.
>>873621 two different formats, reading news and video news
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mp4 showing Iraqi PMU militas bypassing the US embassies C-RAM and successfully shelling the green zone in Baghdad >>873621 idk why OP started this thread but I'm just going to use it for military news

9/11 Thread Anonymous 09/11/2020 (Fri) 02:19:56 No. 857600 [Reply] [Last]
Figured I'd take the anniversary to remind everybody that 100k New Yorkers are about to start coming down with mesothelioma. https://www.asbestos.com/news/2019/11/14/september-11-mesothelioma-death/ Mesothelioma Death from 9/11 Signals Start of Things to Come
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>>868876 >complains about logical fallacies >uses a strawman argument Why the fuck do they have to be omniscient to plan an attack? You know this kind of thing has been done before right? Do you think absolutely everyone in the government needs to know about everything the government does?
>>869958 I didn't mean just about this specific instance. I'm saying, the tendency to believe nothing can every happen in America or the world without believing it was a perfectly orchestrated American conspiracy. It's Jewish conspiracy tier.
>>872548 >I'm saying, the tendency to believe nothing can every happen in America or the world without believing it was a perfectly orchestrated American conspiracy. It's Jewish conspiracy tier. Wow, another strawman. And equating investigation of 9/11 with Judeophobic rightoids. >the tendency to believe nothing can every happen in America or the world without believing it was a perfectly orchestrated American conspiracy. Good thing I wasn't arguing that everything that ever happened in the world was a perfectly orchestrated American conspiracy then. moron. I was arguing that ONE specific event (9/11) was a USA GLADIO-tier false-flag terror attack used as a convenient excuse to justify an already pre-planned invasion of Afghanistan and Iraq (which had nothing to do with 9/11 even in the "official story") to the American public, as opposed to the real reason for those invasions: securing more profits to the US corporate class (oil and weapons corporations etc). This is not even out-of-character with US imperialism. Ffs, the sinking of the USS Maine (1898) was a US false flag attack used to justify the Spanish-American War to the US public (a war in which the USA seized Cuba, Puerto Rico, the Philippines and Guam as colonial conquests). The Gulf of Tonkin incident (1964) was another US false flag attack used to justify the Vietnam War to the US public (USA supported France [1946-1954] during its unsuccessful war to keep Vietnam colonized and had probably thousands of "advisors" directly operating in Vietnam since years before Gulf of Tonkin so that was obviously bs). It seems rather easy to conclude that the USA pulled off the same false flag stunt (9/11) to publicy justify the Afghanistan, Iraq etc Wars.
>>873599 WMDs was Iraq's Gulf of Tonkin, not necessarily 9/11.
>>873612 The Bush admin accused Saddam's Iraq of being in cahoots with Al-Qaeda. https://www.cnn.com/2004/WORLD/meast/06/15/bush.alqaeda/

Anonymous 09/11/2020 (Fri) 05:17:38 No. 858248 [Reply] [Last]
Why does many on leftypol hate this legend? He was right about Tito, Khrushchev and Mao. Give him a read sometime.
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>>873328 based, anti-grifter squad
>>858418 Religion has no place under socialism. It’s time for religious fags to grow up and let go of their crutch. The DOTP literally exists to combat these superstitions and relicts of the pass. They all need to be swept away. Religions are the number one promoters of reactionary-thinking today. A proletarian state will NOT be neutral on religion. It is opposed.
>>873328 me, i am the new NKVD, and i say abortion is bad dweeb. >>873332 grift deez nuts liberal >>873329 was still illegal and was still based
>>870993 even if abortion was murder it doesn't matter but I guess your deontard brain can't proccess that. >>873199 >im a socialist but i have rightoid idpol beliefs :DDDD kys uyghur >>858248 How was he right about Mao? How was he right about Cuba? Still incredibly based
>>870993 eat the fetus, cuck >>873199 >An early proponent of conservative socialism was 19th-century Austrian politician Klemens von Metternich as early as 1847.[42] Monarchists had begun to use socialism as an antithesis of "bourgeois laissez-faire", indicating reliance on a social conscience as opposed to pure individualism.[42] Metternich said the aims of such a conservative socialism were "peaceful, class-harmonizing, cosmopolitan, traditional".[43] Monarchic socialism promoted social paternalism portraying the monarch as having a fatherly duty to protect his people from the effects of free economic forces.[44] Metternich's conservative socialism saw liberalism and nationalism as forms of middle-class dictatorship over the masses.[44] >Johann Karl Rodbertus, a monarchist conservative landowner and lawyer who briefly served as minister of education in Prussia in 1848, promoted a form of state socialism led by an enlightened monarchy supporting state regulation of the economy.[45] Rodbertus supported the elimination of private ownership of land, with the state in control of national capital rather than redistribution of private capital, i.e. state capitalism.[45] In the 1880s, Rodbertus' conservative socialism was promoted as a non-revolutionary alternative to social democracy and a means to justify the acceptance of Bismarck's social policies.[45] So pure idealism and socialism is when state and the more state the socialismer. Good job representing, mentally retarded political identity gang.

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Kind of inspired by a post in /USA/ Anonymous 09/16/2020 (Wed) 17:36:17 No. 873507 [Reply] [Last]
Reminder to start community farms as well as ones for yourself. If any sort of revolution, civil war, whatever happens in the States, infrastructure will be destroyed and since production is so divided, you will have actual troubles even getting food. This is why you seriously need to produce your own and produce for your community. Self sufficiency is needed for any revolution, as it shows that the workers don't need porky. ITT: Post advice for starting a farm, discuss and add on to the OP, etc. pic semi related
>If any sort of revolution, civil war, whatever happens in the States Too early to bet on that. Wait until after the election. >you will have actual troubles even getting food. Unlikely with USA being by far the largest food exporter.
>>873544 It'll be split up by regions. Assuming revolution starts in the major cities, it will definitely be a struggle to get food.


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