peter Zeihan 2020

Now people are only enslaved for part of the year, (about 22% of my life at last calculation), ahhh progress.
Well, you do have the option of where to work and what to do. The reason I referred to serfs as slaves was they were not allowed to leave the village.
 
Well, you do have the option of where to work and what to do. The reason I referred to serfs as slaves was they were not allowed to leave the village.
what is the fundamental difference between the large space called a nation, and the small space called a village. Make no mistake I was being somewhat melodramatic, but unless you get approval you are no freer to leave than the serf was, it is just easier for most people to pay for the ability to leave should they choose.
edit for clarification: Passport Fees
without that you are no freer to leave the country, than the serf is the manor.
 
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what is the fundamental difference between the large space called a nation, and the small space called a village. Make no mistake I was being somewhat melodramatic, but unless you get approval you are no freer to leave than the serf was, it is just easier for most people to pay for the ability to leave should they choose.
You are right about the size not mattering. North Korea is just as bad as serfdom in that respect. But most countries are not, as you are free to leave countries, just not enter other ones without permission. This doesn't matter too much on a practical level, but on a moral level it really does. It tells who is restricting you. In the case of the peasant farmer and the east German, it was their country keeping them in. On top of that, there is freedom to enter if fleeing oppression, and request asylum.
 
Indeed. Were feudal Europe, the Muslim Caliphates, medieval China, etc. capitalist? If yes, then capitalism is not going anywhere (and capitalism also does not need growth). If however we're getting into more specific requirements, such that capitalism is a modern phenomenon, than it could definitely go away some day (whether or not that is likely is another story) and be looked back on as just like communism, a strange aberration that was around awhile and than went away.

I think guys equating fascism with feudalism and empires, sorta more-or-less say it's NOT a modern phenomemon

Trade existed before alongside the concept of investing in stuff

If someone can get rich off trade that means he benefitted off capitalism

If someone got rich off the Slave Trade, then it's Capitalism's fault that slavery is a thing
 
You are right about the size not mattering. North Korea is just as bad as serfdom in that respect. But most countries are not, as you are free to leave countries, just not enter other ones without permission. This doesn't matter too much on a practical level, but on a moral level it really does. It tells who is restricting you. In the case of the peasant farmer and the east German, it was their country keeping them in. On top of that, there is freedom to enter if fleeing oppression, and request asylum.
while that is true, to be precise you are not legally allowed to leave without a passport, which you have to pay for. Customs probably won’t arrest you, but then the lord wasn’t likely to look for a serf either, in fact that was how many free cities got more people.
”Except as otherwise provided by the President and subject to such limitations and exceptions as the President may authorize and prescribe, it shall be unlawful for any citizen of the United States to depart from or enter, or attempt to depart from or enter, the United States unless he bears a valid United States passport.

 
I think guys equating fascism with feudalism and empires, sorta more-or-less say it's NOT a modern phenomemon

Trade existed before alongside the concept of investing in stuff

If someone can get rich off trade that means he benefitted off capitalism

If someone got rich off the Slave Trade, then it's Capitalism's fault that slavery is a thing

If a nation practices slavery, by definition, it is not practicing free markets, because the slave is engaging in 'compelled trade,' IE his services for just enough to keep living and providing those services.
 
Never saw that argument before

The reason 'Free' is within 'Free Markets' as a term, is because of the lack of coercion. When everyone is allowed to trade their goods and services voluntarily, at a price agreed upon by both buyer and seller without coercion, you have a 'free market.'

That's the whole point.

Not only is this the only truly ethical economic system, it's also by far the most effective.
 
The reason 'Free' is within 'Free Markets' as a term, is because of the lack of coercion. When everyone is allowed to trade their goods and services voluntarily, at a price agreed upon by both buyer and seller without coercion, you have a 'free market.'

That's the whole point.

Not only is this the only truly ethical economic system, it's also by far the most effective.

What about Indentured Servitude? Or Debt-Based Work? Is that voluntary?

I think there was a problem long before in that people were considered practically property/things, even more if they weren't of a certain melanin level or were of an enemy nation or their family sold em off to the slave market to cover debts
 
What about Indentured Servitude? Or Debt-Based Work? Is that voluntary?

I think there was a problem long before in that people were considered practically property/things, even more if they weren't of a certain melanin level or were of an enemy nation or their family sold em off to the slave market to cover debts

There is arguably an exception for cases of extreme debt, where someone is refusing to pay off debt they have accrued, but that's a fringe case.

There's an entire moral and cultural system you need to support healthy free markets. It's generally known as 'Christianity,' though some other sets of cultural values can do a decent job of it too.
 
There is arguably an exception for cases of extreme debt, where someone is refusing to pay off debt they have accrued, but that's a fringe case.

There's an entire moral and cultural system you need to support healthy free markets. It's generally known as 'Christianity,' though some other sets of cultural values can do a decent job of it too.

What stops those who benefit from the Free Market fulfilling Left Wing nightmares of capitalist dystopias wherein because they’re not taxed, unionized & regulated to hell

They can do whatever they want and even outcompete smaller and younger businesses and put up barriers to them
 
Never saw that argument before

The reason 'Free' is within 'Free Markets' as a term, is because of the lack of coercion. When everyone is allowed to trade their goods and services voluntarily, at a price agreed upon by both buyer and seller without coercion, you have a 'free market.'

That's the whole point.

Not only is this the only truly ethical economic system, it's also by far the most effective.
What stops those who benefit from the Free Market fulfilling Left Wing nightmares of capitalist dystopias wherein because they’re not taxed, unionized & regulated to hell

They can do whatever they want and even outcompete smaller and younger businesses and put up barriers to them

Not allowing those barriers to be put up is one of the main points of Free Markets. It's part of why it goes hand-in-hand with small government, where the only government interference with the market should be anti-trust laws.

And, you know, laws against theft, murder, blackmail, the usual.
 
PETER ZEIHAN

This is written by him


Coronavirus has launched the greatest energy upheaval since the dawn of the petroleum age. In the short run, this means rock-bottom – even negative – prices for oil and a much-needed price break for the world’s major energy consumers.

But nothing lasts forever.

Extended periods of low prices will destroy the productive capacity of many oil exporters, removing them from the market for years. Once the coronavirus crisis passes, that changed map of oil production and export will radically remake global energy flows. By far the largest loser will be China.

China today, as the world’s largest oil importer, sources crude from quite literally everywhere it can. This map – from my new book, Disunited Nations – shows the diversity of sources and the risks to its oil supply chains posed by other countries.Many of these producers will not be in the market a year from now. Their absence will add an energy security layer to China’s already irrecoverable debt, finance, demographic, consumption, security, political, supply chain and trade problems.
 
what is the fundamental difference between the large space called a nation, and the small space called a village. Make no mistake I was being somewhat melodramatic, but unless you get approval you are no freer to leave than the serf was, it is just easier for most people to pay for the ability to leave should they choose.
edit for clarification: Passport Fees
without that you are no freer to leave the country, than the serf is the manor.
I can tell Trump to go to hell to his face and not die. A Russian serf couldn't do the same to the Czar. Seems like a pretty big difference to me.
 
I just listened to that one; it's pretty good.

As usual, I think he slightly underestimates peoples ability to ignore what makes sense in favor of what they want to be true, but unlike a lot of people who focus on economics, he's clearly very aware of it.
 
Honestly, the most surprising thing in that podcast was that some politicians are actually well educated on cryptocurrency.
Why? It is a much better way for them to launder money, buy their drugs, accept bribes, and generally avoid scrutiny.

Lets say you do cocaine. It costs you thirty thousand per kilo. Pulling 30k in cash out of your bank account tends to raise flags and if you ever get investigated it is liable to show up. Similarly, getting bribed in cash means it has to get into the banking system or be used as cash.

Now lets say you get bribed in BitCoin and buy your coke in BitCoin. Unless you are a total and complete idiot, that is never going to show up in an investigation (at least short of a serious counter intel investigation).

As for Putin, remember that he is former KGB and has spent his entire adult life deeply involved in covert operations. Of course he is going to be conversant in cryptocurrency.
 
Crypto currency looks like what third world countries can take advantage of if they know how to use it.

PETER ZEIHAN

This is written by him


Coronavirus has launched the greatest energy upheaval since the dawn of the petroleum age. In the short run, this means rock-bottom – even negative – prices for oil and a much-needed price break for the world’s major energy consumers.

But nothing lasts forever.

Extended periods of low prices will destroy the productive capacity of many oil exporters, removing them from the market for years. Once the coronavirus crisis passes, that changed map of oil production and export will radically remake global energy flows. By far the largest loser will be China.

China today, as the world’s largest oil importer, sources crude from quite literally everywhere it can. This map – from my new book, Disunited Nations – shows the diversity of sources and the risks to its oil supply chains posed by other countries.Many of these producers will not be in the market a year from now. Their absence will add an energy security layer to China’s already irrecoverable debt, finance, demographic, consumption, security, political, supply chain and trade problems.
From Wion India has been taking advantage of rock bottom oil prices, stockpiling them.
 

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