Yeah it’ll be a very interesting form of capitalism. Corps exist to turn money into more money. Since the state is now a biz, it can’t run deficits/losses anymore. This implies no one will have any money since taxes > spending permanently. This can only be sustainable if profits are generated externally from foreign sector. But this also means not all countries can run profits.
Yeah it’ll be a very interesting form of capitalism. Corps exist to turn money into more money. Since the state is now a biz, it can’t run deficits/losses anymore. This implies no one will have any money since taxes > spending permanently. This can only be sustainable if profits are generated externally from foreign sector. But this also means not all countries can run profits.
At that point the issued currency just becomes an internal token for distributing wages to workers and products to production branches.
see also: