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IMO banks and capitalism can't coexist. Humans generally can't handle the responsibility of a bank, and the point of failure creates tragedies of the commons, which causes governments to intervene, which actually increases the scale of the risk that the bank represents. That's the best case scenario, and there's nothing good about it. In reality, politics is inherently corruption, no matter how you dress it up. A government having control over money just allows the bankers and politicians to more efficiently steal from people. What are they stealing? By controlling the supply of money, they transfer value from producers to themselves. How are things produced? Capital. Thus, banking is anticapitalistic. In fact Marx wrote that destroying capitalism would require central banking. That's playing out right now. You're blaming capitalism for the problems created by bankers and politicians, but those people aren't capitalists. Landlords are just people selling something. If there's a problem with housing being too expensive, which obviously there is, it's not because landlords are greedy. Can you think of some real reasons? This is already too long and I need to do things.
2025-11-12 14:51:06 from 1 relay(s) ↑ Parent 1 replies ↓
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heh. yeah. personally, i don't think there would be anywhere near as much of a rental market without mortgages. why would you pay some interloper a premium to use property when you could just own it yourself and cut out their margin (above whatever they actually put back into maintenance). yes, banks are anticapitalistic. they are also trusted third parties. just like political authorities.
2025-11-12 14:54:36 from 1 relay(s) ↑ Parent 1 replies ↓ Reply
Right, mortgages drive up the sticker price, which drives up rent, which feeds back into more need for rentals because the expense of rent prevents savings to buy your own place and be the owner. Its a downward spiral to destruction of the people, and it all starts with the bank. And banking is possible because we allow usury.
2025-11-12 15:01:33 from 1 relay(s) ↑ Parent 2 replies ↓ Reply