Why is the Alt-Right and other non-Leftist non-mainstream people focus on banking and finance ?

Since this is becoming a growing trend among people who consider themselves "outside the mainstream", I was wondering why there is currently such a huge focus on finance, interest lending and banks ?
Little nazis on Zig Forums keep saying that lending money is bad and that bankers should be hanged, but if I recall well one of the most anti-banker nazi of all, Feder, was ousted of the party after its coming to power.

I was wondering if it was a legit concern or if it was another way to get our attention away from the structural foundation of Capitalism (the means of production staying privates) and get some "progressive and social" points ("Hey look, we too blame the 1% !").
So is it a legit concern ? How will banking and the creation of money work under socialism ? How did it worked under historical socialist regime, and is there any good book on the subject ?

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People throughout history had a problem with people making money from not doing actual work.

No his book influenced the NSDAP until the end, he just died in 1941

Well there is plenty of things wrong with banks I don't see how you can be a leftist and not have hostility toward them.

Because its incredibly unfair just on the face of it. Manufacturers can say we deserve billions because we make cars or stoves or whatever, Zuckerberg can say I made Facebook so I deserve billions, the bankers best argument is that they deserve billions because they allocate risk but everyone knows that's retarded.

People who complain about the Fed are on the right path, but they decide that it's only the Feds fault and blame Jews and Aliens for it.

...

It’s because fascism is a petit bourgeois movement against both the proletariat and the bourgeois

Their will be no money, thus no banks.

It's both. Banking and finance are legitimately one of the most insidious and cutthroat aspects of capitalism, fascists just ignore how it's interwoven with all other elements of the capitalist system. Banks make for an easy scapegoat because:

1) They don't do real work and produce nothing physical, just buy and sell paper
2) Pretty much everyone has had negative experiences with banks, but people need extra context and a certain amount of class consciousness to understand why the factory next door is just as bad
3) Banks are faceless and globalist

It's not hard to see how a person disgruntled with the current state of affairs would (rightfully) blame banks for everything, but fascists don't have an awful lot of neurons to rub together so they don't understand that usury isn't going anywhere without dismantling the entire mode of material production, or that a capitalist who "makes" physical stuff isn't meaningfully better than a banker

A central bank could dole out money for projects it deems worthy, everyone could be given a certain amount a year, people could get labor vouchers for hours worked, in a post-scarcity society we wouldn't even need money.

We have lots of options

It’s important to note that banks are inherently rotten to the core. Where as with factories the factory existing is fine, just the social relations around it.

I think that the behavior of the Zig Forums types could be chalked up to anti-semitism. Back when I browsed Zig Forums I'd see threads about coming up with subtle ways to red-pill people on the Jewish question. On the other hand it's been a Zionist ploy to basically say "Banker's are Jewish so any criticism of banker's obviously hates Jews". I've seen this a lot in the British press, which may have been where the polyps got the idea. As for the tendency for those on the "left" who only seem willing to criticize bankers and finance capital, it's because they are. The Jacobin clique in the US and Labour think-tank types in the UK aren't willing or able to offer systemic critiques of capitalism so instead they use scapegoats just like polyps love to do. SocDems are the literal left wing of fascism. HOWEVER Socialists in the first world can use this to their advantage. Any time that hating bankers becomes a topic in the Western media like in 2008 we can simply go a step further and say "Wall Street should fucking burn, but we can't stop there". Socialists can give much better, smarter explanations of what banking/finance does and why, we just have to simplify our rhetoric and keep the Marxist terminology to a minimum.

in post scarcity we wouldn't need labour vouchers either.

Also i don't think it will ever be a voucher now, itll just be an account you have a card for

We must respect the worker. Labor vouchers must be given out even if work is no longer necessary

We need to explain that Wall Street is a vital part of our economic system. Basically give them a good neoliberal schooling on basic economics. Except when we do it, we aren't making excuses. All of it needs to go.

No. What we need is a consortium of all worker cooperatives in the economy, democratically checked by the whole population, organizing a central economic plan in which they keep some portion of the social product separate for new investment and experimentation.

Don't forget Hitler put a literal banker in charge of the economy when he got to power

makes zero sense but ok

yeah what a terrible idea lmao

Come on OP, you know they are retards. The only reason they're against banking, lending and interest is because >jews and therefore banking bad. They have no theory nor rationale behind it. They'd justify it the moment it's "Aryan banking" or some shit like that.

you should probably stop strawmanning your opponents tbh its embarrassing

Cope. Hitler, just like the "kikes" he accused, lent out imaginary money, in fact, it was the entire basis of his economy. Nazis are just a mirror of what they claim to hate.

i was a means to an end


they hated jews and commies so that doesn't really make sense

Name one place where they give baking a structural critique other than "it's jewish, it's bad, and it's causes people to be poor".

banking*

I should specify, one place reactionaries reference, on a usual basis. Not some guy, somewhere, mentioning Feder once.

I literally made this thread after finishing to watch a 2 hour long video about the basics behind banking and why it could be considered bad. The first hour was very informative and explained in depth the way money was created and how the monetary mass was maintained. However after the second hour ot went full far right propaganda talking about Rothschilds and shit. That's kinda sad because I learned many things from this vid about the elementary role banks plays in the economy, only to get blasted by retarded propaganda.

Now there are a reason banks are bad (they encourage unhealthy growth and speculation) however they also plays a key part in the economy as they are the source behind money creation, so they keep the monetary mass at a good level.

I still haven't seen a book mentioned here, any good book about the theory of banking or monetary creation under a socialist state ? How did it function under the USSR for instance ?

You confuse Socialism with Communism.


From what I've read, the guy lost his place as one of the prominent figure of the party after 1936 when he was put in an mostly honorary place. This just shows the real reactionnary nature of Fascism that will try to do everything to purge or silence its most Social-Revolutionnary members after a successful take over to ensure class collaboration (just like the Night of the Long Knives, or the ousting of the Black Front, etc.)

No, in socialism money will be replaced with labor vouchers. In Communism labour vouchers will be abolished.

And when do we abolish food fellow comrades?

It is an American pathology, this is why they always focus on the legacy of the dollar in reference to the debt-based currency of today. You will notice that literally every member of the alt-right will have an exceeding contempt for the federal reserve and will want to go back to the "good old days" of the gold standard, this is also why they might idolise JFK, because he apparently wanted to bring it back. This focus on the federal reserve has it's roots in libertarianism, as you will notice, this was the main ideology of Zig Forums years ago, now it has become radicalised and so on, I listened to a Richard Spencer conversation concerning this, in how libertarianism used to be an obscurantist movement which disguised it's racism for "muh liberties" and so forth, but as the rea individualistic freaks started getting involved, the racism started expresssing itself in more explicit ways, that we see today. So, the obsession of the banks is an evolutionary growth of the previous "libertarian"ideology of the pre-backpilled right.

Also, Hitler speaking about an "international clique" of bankers or whatever link to the ideological antisemitism of the alt-right. You will notice that when someone like Corbyn speaks against banks, the appropriate response is a strengthened leftist moralism, not a popularity of fascism, so I feel like Americans are fucked up in the head, they are obsessed with the idea of being controlled and American nostalgia. A dead empire. Maybe this new generation of "progressives" have better mindsets going forward, they don't seem as schizophrenic as the boomers.

Because usury of any sort is an obvious social ill, and this has been well understood for the past two millennia at least.
Why Communists are so averse to criticizing finance baffles me.

LOL WUT

Oh, and here. Have a book about that very subject.

Attached: Capital-Volume-III.pdf (Capital1.pdf)

Hell, Backstabbin' Bernie and AOC proposed capping interest rates on credit cards at 15% (it's often much higher) the other day and the collective attitude of the right is to call them crazy commies.

And actual communists criticize finance all the time. That's basically half of Marx's Capital and most of what the new generation of Marxist critics (Wolff, etc.) talk about.

Eliminating finance just doesn't solve your problem, though. The empowering of the financial sector came about for complicated reasons involving the falling profitability of capitalism, allowing profitability to be restored through largely "fictitious" speculative ventures, hence these spectacular bubbles like the one before 2007-2008… now one in corporate debt, etc.

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Basically, why is the right so adverse to even the bare minimum banking regulations?

I read Capital and know Marx's argument quite well. I'm speaking more of Communists today who get spooked when someone says "for fuck's sake, just hang the bankers", and in some places I've been shamed for even insinuating that the banking families are bad and have nefarious intentions.
No one who has worked for long enough needs to be told that the boss is stealing value from you. It is self-evident that the system, in aggregate, can't afford to pay workers as much or more than what they produce. People, for the most part, aren't so stupid that they need Marxism to tell them they're getting ripped off.


I've tried to explain that to ordinary people who are sick of the system and look at the top of the system (the banks, the megacorps, and the state), that the reason the first and last of those things is so big is because capitalism as a system needs it. But, I also believe it's a cop out to say "oh, the capitalists just want to make money", and ignore the very real intentions of the people at the top. These people are not innocent bystanders or crudely self-interested. They have plans, plans that the people at the top have generally agreed upon and have pushed through ideology, that involve something more than just maintaining the system, or even their own rule.


Because the people within the fascist movement who have influence benefit from deregulation and capitalism as it is, obviously. If they're not directly in strong positions in the economic system, then they're usually hangers-on whose status in society is dependent on sucking up to capital.
That the poor fucks who follow the leaders can't see the leaders' obvious contempt for them demonstrates the power of ideology to retard people and reduce them to slavering animals.
Seriously, once people get sucked into the conservative propaganda vortex and are isolated from meaningful roles in society, the ideology really does its work, reinforced by a steady stream of propaganda. Trump's retarded speeches were not meant to be taken seriously by anyone - they are meant as a statement of force, like an ape beating his chest in a show of dominance. The hard-right base you're thinking of has been so degraded that it's difficult to talk to them as if they are actually people, because in a lot of ways, they really aren't people any more, not in any sense that is recognizable or palatable in public life.
For a lot of reasons, socialists don't have a use for these people, and has rejected them in the unusual event that they are politically neutral or even willing to align with socialist causes. Liberals obviously have no use for them.
The best you can hope for with them is to get them to hate the retarded ideologies fed to them by the right more than everything else. This should not be a difficult task, if the left (or even the center) were able to critique rightism with meaningful language. Usually, the most the left can muster is that the rightists ideology is stupid, or (far more commonly) the rightists ideology is mean. There's little stomach to really dissect just how EVIL the ruling ideology is, and that much of the direction in the present society is deliberately and willfully taken to maximize the oppression and suffering of people. (For one, in order to make a meaningful critique, eugenics and population control must be criticized and utterly rejected as the evil that they are, and no one is going to do that for obvious reasons; further, in U.S. law at least, eugenics is still the unquestioned law of the land, and libs and even socialists pretending that "eugenics is over" doesn't help you any.)

Whoever the fuck does not like the idea of hanging the bankers is either not a communist or is particularly blood-thirsty and wants to see them suffer first.

To be fair, this was on reddit. I look back on socialist reddits occasionally and see just how utterly bad they have become, populated by people who have no idea what the hell they're even talking about any more.

Give them a chance to learn you fascist

I'm not fash.
I'm trying to tell you why people outside of socialism think the way they do, because I have dealt with some of these people in their natural habitat.
You can't do much about the alt-right aggrotards who get off on human suffering, for whom the ideology (whatever they purport to believe in) is just a vehicle for their own instincts.
You might be able to reach the people who just follow along with the rightist ideology. Most of the strength of fascist movement doesn't come from true believers, nor does it come from those people I just described who will adapt to any ideology that is a suitable vehicle for power. (They exist in socialist and Marxist spaces too, they exist in liberal spaces, they exist even in spaces without any coherent ideology.) A good number of people who repeat rightist or fascist talking points literally just repeat what they hear and read from others, and follow along, without any serious critical thought at all, because no one is offering a credible alternative explanation for what they see. They just see banks near the top of the capitalist pyramid, which can seemingly conjure money out of thin air and receive free money at will from the government, confiscating their home through debt-slavery.
You'd have to build a meaningful critique of the system we have as it exists in the 21st century (and as it has existed since the 1930s), because what we're living in today isn't really the capitalism Marx wrote about. Capital is still accurate enough as a basic description of where exchange-value comes from and the cycles of the market, but it isn't just about the money, and the ruling class (and the functionaries who benefit from the system as-is) are not innocent actors. I highly doubt anyone near the top of this system actually believes in capitalism as a system, and they're angling for their position in whatever is coming next (hint: it's not going to be anything you could call "socialism", unless you're doing Dengism for a while).

what the fuck are you talking about you child

Aye watch out for the bogeyman. Might get yo kids.