Lester Golden
1 min readJun 26, 2020

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  • Some thoughts from a self-employed capitalist since 1991:

1. Capitalism saws off the tree branch upon which it sits (EJ Hobsbawm, Age of Extremes). Soros, in The Alchemy of Finance, understood that under financialized capitalism the system saws faster.

2. By inventing the bond market, the Dutch invented the modern world, the English copied it and the Americans, through Hamilton's creating the treasury market ("Dutch finance"), copied the copy.

3. Capitalism is a terrible system. The problem is all the known alternatives are worse.

4. Capitalism needs a socialist competitor to put a check on #1.

5. https://medium.com/@ljgolden55/how-to-stop-the-plutocracy-game-index-the-top-1-s-tax-rates-to-decreasing-inequality-a3a19f42cd97 is one route to that check.

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Lester Golden
Lester Golden

Written by Lester Golden

From Latvia & Porto I write to share learning from an academic&business life in 8 languages in 5 countries & seeing fascism die in Portugal&Spain in1974 & 1976.

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