>>464742>Trump did a symbolic tank production
Yeah that's not really doing an industrialization.
Military stuff doesn't really feed back into the economy, it either gets shipped off to battle fields or it waits in an armory. There's no self amplifying industrial feedback loop, where the things produced in industry also improve industrial production in the next cycle.
It's really expensive and hence large in financial terms, but in material terms it is usually just small production runs, it's not like you could produce tens of millions of tanks.
>It would require the elimination of the enormous debt load that the working class is under.
You can do a debt jubilee for the working class no problem. It will only unravel the banking system if you clear out debt that capitalists made to buy capital or play with the stock-market. Workers usually only buy commodities, if you cancel their debt that's like writing off commodities that were produced but not sold, that's not a big deal. You can't do that with capital, the numbers in the banks have to match with physically existing capital, if there's a deviation it unhinges the system.>It would require the elimination of land rent
i don't want to sound like a capitalist apologist but capitalism would probably work better without rent seeking capital.>the elimination of private insurance
I don't even understand why that exists, couldn't all insurance just be done by a single public insurance pot ?>lower-level government bonds
I know what government bonds are, but not what it means with the "lower-level" qualifier.
Even capitalist governments can just print money and spend it on building an industrial sector, as long as in the end it produces things that people can buy. Tho the government can't try to re-circulate that money it printed to build the industrial sector once it gets it back via commodity sales. It has to remove it from the balance sheets after it's done boot-strapping. Post too long. Click here to view the full text.