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/leftypol/ - Leftist Politically Incorrect

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File: 1781401884427.jpeg (79.49 KB, 1206x675, HKtt51aXkAAb0qS.jpeg)

 

How do communists prevent capital flight? It seems like the capitalists will make the economy scream if you organize trade unions and put socialists in power. I suppose sanctions are a similar issue at a larger scale if you've smashed the state.

You don’t

>>2839371
I feel like having a sovereign wealth fund would allow you to bail out municipalities in case of capital flight.

>>2839373 (me)
I also suspect that worker cooperatives would be less likely to engage in capital strikes/flight.

>>2839369
This is actually extremely easy to solve, and in fact, many nations already have it.

Put capital controls, its a control of currency limitting how much wealth can be taken out of the country by indiviuals/companies, in China you can take out $80,000 per year or so, this preventa capital flight in it's entirety.
Many capitalist economies also have capital controls (south korea, iceland, russia, brazil, Argrentina, etc).

https://en.wikipedia.org/wiki/Capital_control

They can reduce it via capital controls, exit taxes, nationalizations, etc., but you can't entirely prevent it as long as capitalism remains international while socialism is stuck at a local level. This is one of several reasons why "socialism in one country" is nonsense.

>>2839397
>4. Confiscation of the property of all emigrants and rebels.
https://www.marxists.org/archive/marx/works/1848/communist-manifesto/ch02.htm

That being said, Marx wasn't God or anything. Idk shit's depressing.

>>2839422

literal Nazism.

>>2839369
Through incentives for foreign capital. They will not care if you give them good deal. and national capital cannot fly away because the conditions of profitability it's in the nation. If no revolution they prolly going to fund psyop, opposition, corruption, etc rather than just leave

>>2839431
4e you give them low taxes for 30 years plus other bonuses in exchange for local investment and local acquisition of shit and local funding of R&D and university and shit like that through a government promotion of some stupid bullshit

explain what you mean by prevention

>>2839422
Their argument was easier when property was mostly a physical thing, but the digitization of the economy has made this no longer the case; it's much harder to confiscate the latter than the former. Plus you have few options if your "skilled" labor force decides to emigrate (what are you going to do, create another iron curtain? Forget the impact on public opinion, it didn't work before and won't work now, but even if it did it would require a tiny country with a totalitarian regime like NK - aka not socialism at all, but Bonapartism), or when you need goods that require access to the international market (again, autarky doesn't work - even NK is dependent on China and Russia to access goods), the creation of a black market that undermines your official one, or just simply if you face foreign pressure in the form of sanctions, a denial of credit, or other means of financial isolation. This is why the need for an international coalition in order to overthrow an international system and move beyond it becomes apparent: history doesn't move backwards.


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