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The Hidden Cost of the U.S. Military: The Real Budget is Far Larger Than Reported
(www.counterpunch.org)
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this post was submitted on 24 Jun 2026
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Yes, that is capitalism. Capitalism is not the concept of trade. It is not the concept of a free market. It is not the concept of exchanging goods and services for money.
It is the concept of rent, and the value thereof which we call Capital. If I rent my tools to you to make something in exchange for the majority (or even minority) of the value of the good produced that is doing a capitalism. That is the classic example, but extend that out and it's still just capitalism.
"Investing" is just renting out your currency in exchange for a minority of the value produced by it.
When you then become a currency issuer^1^ and that currency becomes ultimately meaningless to you^2^ you're still participating in capitalism by using it, as you are still "investing" public funds into something in order to extract value.
Yes yes the federal reserve technically does this, blah blah, private institution that just so happens to print money whenever congress asks and cannot act on its own except to set interest rates for private entities printing money so it's essentially a public entity.
MMT is valid enough for how the US actually operates that I'm considering it real for this argument. It is a magic "make capital" button, making capital ultimately meaningless (hence the faith you mentioned).