How would capitalism work without central banks and taxation?

How would capitalism work without central banks and taxation?

It wouldn't. Well, you could make the argument that it could work without central banks, but you effectively need some form of government to enforce contracts and property rights and it's going to be funded with taxes.

The economy wouldn't grow and you'd be behind everyone else.

It wouldn't. Pure anarcho-capitalism is inherently unstable, and there needs to be someone to protect citizens from coercion. Thus, while taxation is theft, some taxation is a necessary evil to preserve a free system.

The goal for an enlightened state is to keep the government as small as possible while still enforcing a system based on voluntary agreements.

You don't need a government, you just need Sov-Corp.

>Somalia.jpg
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>Russia_in_the_90s.jpg

Keeping government as small as possible is a meme, government action in certain areas is optimal or improves economic transparency and growth, like in regulating the environment, stock market, fiscal and monetary policy, etc.

Daily reminder the first country to eliminate their central bank and allow free market banking will have the highest living standards on earth within 5 years.

Massive high paying service sector jobs with dominate this country's economy to consume the goods the rest of the world has to produce for it.

The workweek would shrink to 2-3 days a week and people would retire much earlier. This will also lead to more jobs becoming available.

Everyone would have high saving rates. Houses would be inexpensive. Debt would be strongly discouraged economically.

Massive automation would take place as the cost of capital goods would be extremely cheap. This will lead to massive levels of technological innovation.

It would be extremely easy for the average person to start a business due to the cheap cost of capital goods.

Daily reminder REAL capitalism has prices falling all the time instead is going up.

Daily reminder America never had a system of free market banking. There were only patches of American history with free market banking. The panics that happened during the 1800s were due to government intervention in the banking sector. Sweden had the longest most successful period of free banking and that's what made them really rich.

Daily reminder the longest period of (relatively)free banking in America coincided with the INDUSTRIAL REVOLUTION where wages rose and prices fell.

Daily reminder central banks are the very reason the economy is a pile of shit and our generation is so fucked.

At the cost of your freedom. Get your priorities in order.

I actually make an exception for public works which are responsibly funded and benefit everyone. (i.e. projects that aren't just redistributing wealth.) But that doesn't fit into my "pure" ideology so I don't mention it.

but really, libertarianism is a joke ideology thats all about taxonomy instead of anything real. The best 'private security force' will eventually achieve a monopoly, at which point they can do whatever the fuck they want because they have a monopoly over the use of force in the territory aka a state. Just because someone violates the NAP it doesn't mean that anyone is capable of remedying it.

In the end you just have 'Security R Us' garnishing your wages instead of the United States Govt.

> At the cost of your freedom. Get your priorities in order.
Ah yes, this country where people are free to get their kids' gender re-assigned, where fags indecently expose themselves in front of toddlers, etc. Face it, pure autistic freedom is nothing but an ideal, and like pretty much everything else works only in a regulated context with regard to externalities. There are very clear and pressing examples in which limiting freedoms would actually make many places better, like banning certain religions like Islam.

tell me more luxembro

in a sense, those things would still exist

their functions would be done in a voluntary way

there doesn't have to be one currency. there already isn't one currency. money can be issued that can be exchangeable for gold or any other commodities. maybe there will be "fiat" currency that is issued privately, but is trusted by its users for whatever reason. whatever works best will flourish, whatever fails will disappear.

and private taxation is this thing we call PAYING FOR WHAT YOU GET. do you want protection? PAY FOR IT. do you want roads? PAY FOR IT. do you want education? PAY FOR IT

and the fact that these things will be determined by voluntary transactions rather than government force means that wastefulness will not be tolerated. the voluntary system will allow for rapid evolution in how we do things based on changing circumstances.

It could very easily be the other side oppressing your freedoms. In fact, in 4 to 8 years there's a significant chance it will be.

If it neither picks my pocket nor breaks my leg, it is of no concern to me.

We live right now despite those things. They are a burden on our societies.
Crypto currencies are the future

Jews (Marx/Ricardo/Trotsky) invented communist theory and taught it widely and with fervor.

Jews were the vanguard leaders of the worldwide communist revolution, and comprised 25-75% in the central committee, the peoples commissariat and NKVD leadership (while being 2% of the population).

After all of this, in Germany communists were agitating again in the 20's, about to take over Germany after their first attempt, where a group of mostly jews took over several cities in 1919, killing thousands.

Therefore: Jewish bolsheviks needed to be stopped. Hitler, for all his faults, was the only force strong enough to stop a full blown communist takeover.

After the War the Frankfurt school, Fromm and Marcuse in particular, began to influence western culture into decadence and destruction of class and hierarchy.

Central Banks, Politicians for the EU and CFR, are all dominated by jews intent on establishing a global world order, with Israel and the banksters at the center, ruling the eurasian negroid race.

competition in the sense you're talking about is not "the number of companies in an industry"

competition is the condition where, even if there is only one provider, there is nothing keeping a competitor from emerging. if economies of scale determine that one large company can serve everybody better than two competing but suboptimal companies, then that is how it should be. the circumstances could change, and if there is no government barrier to entry, then a competitor will enter the marketplace when the one company takes too much advantage of its position.

if there's no law enforcing it, then "only one company right now" is not really a monopoly

Our generations answer to central banking.

You would just carry on with whatever medium of exchange became money. It should be obvious to anyone with an internet connection that money can exist without a state apparatus.

Money only efficiently works if it's widely accepted. The most efficient method by far for money to gain near-universal acceptance is through some universal government authority that accepts it.

Exactly how it works now, but maybe even dumber. Central banks were sold, this is why you have problems. They were sold to Rothschild and USA. If you owned your central banks then they would centralize your country instead of they making profit in your name.

What's stopping you from paying a security company to enforce that shit?

Mlp >:D