[ftwinnovations]

No, printing money (QE, inflation, what have you) is absolutely NOT a capitalist tenet. Quite the opposite.

We do not live in a true capitalist society anymore, although we still use the term, and so disparage it. Creditism would be better, since the government and federal reserve push debt/credit like its the way the world aught to work, instead of production, saving, and intelligent reinvestment.

This is what bothers me so much about the new anti-capitalist push. Sanders is right about the banks and Wall Street and the like, but he's dead wrong that capitalism is the problem. The problem is this perverse crony capitalist centrally planned insanity we've been living in.

And this is not a republican or democrat thing. Its basically just the way things have worked for a long time, highly accelerating when Nixon stuck the final nail in the gold standards coffin.

[devishard]

> No, printing money (QE, inflation, what have you) is absolutely NOT a capitalist tenet. Quite the opposite.

It may not be a capitalist tenet, but it's an unavoidable result of capitalism. Capitalism works great for a little while, but then some people amass too much wealth and pull the ladder up behind them.

This is the only logical conclusion. Money and power allow you to change the playing field. So even if somehow we could start everyone off with equal opportunity and let them compete in a fair capitalist system, the ones who gain money and power early on will simply follow incentives and change the playing field in their favor. You can call this unfair playing field "perverse crony capitalism" and argue that it's not capitalism, and you're right, but so what? "True capitalism" will always turn into "perverse crony capitalism" so returning things to capitalism is at best a temporary measure.