I still have a belief that capitalism and free markets are superior, but not the way we're doing it now. I'm not trying to no true scotsman here, but a man born in germany to 2 austrian parents and dressed in a kilt is no true scotsman. as i see things there are some major issues are - Removing money from gold standard, allowing power to accrue to those who can control the supply. Instead of competing for what consum…
Limited reply to requiring zero debt: Public assets (roads, sewers, other kinds of infrastructure) are always going to be "debt" in the myopic accounting from the perspective of the government. Requiring zero debt means selling these assets off to (presumably private) entities, which sounds like a terrible idea for reasons aligned closely with the kinds of arguments found in Doctorow's blog post.
1. Collected sufficient taxes (ie money) to pay for a work 2. Built the work spending down the money 3. counted the work as an asset on the public balance sheet (ie, we own the pipes)
Wouldn't that mean no debt and not selling it off to corporations?