we live in a society

Just to be clear I’m talking about financial systems not structure of authority (ie capitalism vs communism not representative democracy vs monarchy).

Difference is I wouldn't want to live in China

I really need to brush up on my history before I entertain a discussion about this. Such as but like such as examples of communism in history.

Първоначално публикувано от Shedding Light:

in a communism the government owns the industries
in a money-printing country the government determines the value of those industries

In the USA, we have the Federal Reverse, which is not directly owned by the government.

The act of printing money, and "controlling the value of industries" are two completely separate things.

offering grants and tax exemptions, insuring interest rates or liquidity, closing markets, bailing out competitors and setting policies that dictate trade, employment, location restrictions, etc, would have a greater, "ripple effect."

It's true, the government can do all these things, and "place their thumb on the scale" in order to incentive certain industries.

But they do not control it, nor set prices. Influence, not control.

the us government controls the land - they can and do seize assets and often buy it with the money they set the value of, which is a bias or like in a bailout where the government dictates the terms of operation

look this isn't some kind of dystopian fiction

Първоначално публикувано от Shedding Light:

the us government controls the land

Local governments also control the land, and set zoning restrictions. They determine whether a Walmart or an apartment complex can be built.

I suppose the key difference is between relative and absolute value, at which point, I get a headache.

The dual-circuit monetary and financial system of the USSR was formed in the early 1930s.

The system included two independent circuits, each performing specific functions:

Cashless (industrial). Money existed not as physical banknotes, but as accounting entries in enterprise accounts. The state could "create" non-cash rubles in any quantity needed to finance the construction projects of the first five-year plans. This money was not a store of value, but an instrument for directing the distribution of resources.

Cash (consumer). This circuit served exclusively the population. Cash rubles (banknotes and coins) were issued as wages to workers and employees. The amount of this money in circulation was strictly limited and corresponded to the quantity of consumer goods the state could offer the population.

The key element of the system was an impenetrable wall between the two circuits. All transactions involving the conversion of non-cash funds into cash were under the strictest state control.

This two-circuit system of currency and money circulation existed until 1991.

With cash you can move it about and invest it where you wish to.
With Industry you are those products.