Financial Speculation is the practice of buying assets such as stocks, land, housing, and commodities, not to produce or use productively, but purely to resell later at a higher price for unearned profit.
This process contributes nothing to the advancement or development of the nation, and no product or service is created or rendered.
Our system rejects speculation as a poisonous, parasitic force that destroys healthy economies and harms the race.
Instead of building factories, growing food, or housing families, capital chases quick financial gains. The speculator risks little, and does no real work but extracts enormous wealth from price swings caused by hype, fear, or market manipulation.
Speculation also inverts natural law: it rewards the cunning parasite over those that create. Housing speculation is even more destructive today. Investors treat homes as assets to flip for profit, driving prices far beyond what young White families can afford. This delays marriage, lowers birth rates, and forces our people into enormous lifelong debt or renting, resulting in demographic suicide. Land and housing should serve the Folk, as stable homes for families, not speculative wealth extraction.
We should demand the abolition of land speculation and other forms of unearned income. We must strictly regulate stock exchanges, limit speculative trading, and direct capital toward productive autarky and
rebuilding our industrial base. History shows that speculation destabilizes the nation and enriches rootless finance at the expense of the people.
We must demand that all economic activity serve the community.
Assets must be used productively, for housing families, building industry, or securing food and energy, not gambled upon for financial gain. We reject this system of unearned wealth. Housing and land are for living and building the Folk, not flipping for profit. Investment must serve the nation by investing in productive industry.
Under our system, we would ban speculation and redirect capital to the eternal advancement of our people.
Roth Note: Now tell me what’s wrong with this.
22 responses to “Thought Exercise Part 5”
You know why peoples knee jerk reaction is always against government???
It’s because they have never lived under a government that actually loves and takes care of it’s people only ones that have oppressed them… It’s like explaining color to a blind man or signing a beautiful song to a deaf person…
Damn that’s a great analogy!
A blind squirrel sometimes finds a nut every once in awhile Brother, 😉
You are absolutely correct when you say: “they have never lived under a government that actually loves and takes care of it’s people…” NEVER… Insanity is doing the same thing over and over and expecting different results.
Type in How happy is Finland with their government…Every Finnish person I’ve talked with is Happy with their government even though their taxes are High…Hmmm maybe it’s not just about the profit or how much money you can make…
SNIP Roth said: We should demand the abolition of land speculation and other forms of unearned income.
Not to be insulting but I’m pretty sure I could dig up recent Bernie Sanders and AOC saying almost exactly the same thing. Would take about an hour if you want links.
But they are EVIL Socialists that want Government CONTROL on my property, CLEARLY NOT what Roth is implying….
Potato, Pahato, seems viewpoint is the issue here.
NOW the root of the problem as I see it.
Who DECIDES if I am speculating on land or simply keeping it fallow with cover crops or just letting nature restore it OR Speculating?
Must I JUSTIFY to the local Boss of the Folk how I USE or not USE MY OWN Property?
IS there Private PROPERTY Rights in Roth’s planning board?
Explain with crayons please how that differs from Bernie’s thought I have to defend my property rights here.
Who decides if I as an OLDER Farmer with nobody interested in farming the old place is Speculating by keeping the land until a nice fellow pays MY Retirement by purchasing it.
Founding fathers had many thoughts about Property rights:
George Washington: “Freedom and Property Rights are inseparable. You can’t have one without the other.” This succinctly links personal liberty with the security of one’s possessions A-Z Quotes.
Samuel Adams: “Among the natural rights of the colonists are these: First a right to life, secondly to liberty, and thirdly to property; together with the right to defend them in the best manner they can.” Adams placed property rights alongside life and liberty as fundamental A-Z Quotes.
William Blackstone: “So great moreover is the regard of the law for private property, that it will not authorize the least violation of it; no, not even for the general good of the whole community.” This highlights the legal and moral weight placed on protecting property
That’s the great thing about private property rights. If I want to buy a piece of land and do nothing with it, I will because it’s mine and I paid for it. If I want to plant a garden on that land and not share any of the crops with “the community”, I will do that too.
Sounds like usurping the free decision of anyone with capitol decision on allocation (Communism)
I maybe understand your position for big money speculators BUT for an average upper middle class to say, buy a second home to use and still obviously hope it appreciates is inappropriate capitol control of a free mans decision how to deploy capitol.
Only a half a step away from saying my food storage is hoarding food capitol for future savings as food prices raise.
I completely see this as financial control of individual decisions
It is past time that we revisit the concept of the commons that our ancestors had.
The law locks up the man or woman
Who steals the goose from off the common
But leaves the greater villain loose
Who steals the common from the goose.
This thought exercise is a bit more difficult to disassemble, so I will address it in pieces:
“The speculator risks little, and does no real work but extracts enormous wealth …” Actually the speculator risks everything if his acquisition is leveraged, he does the intellectual work of evaluating the fundamental value of the property and its subsequent market, and is compensated according to the accuracy of his forecast.
“We should demand … We must demand …” Who is this “we” that believes they are entitled to tell me how I can and cannot use my assets? Sounds a bit like Mussolini, Hitler, Stalin, Mao and a host of others.
“Assets must be used productively …” Who decides the best, or most productive, use of an asset? Nobody but THE OWNER!
The ability to use or dispose of an asset is the right (property right) of the owner. Period. Are you advocating communal ownership of all assets, Mr Marx?
Refer back to the Thought Exercise Part 2 on natural law … Life, Liberty, and Property … John Locke.
Thank you for putting my thought on this matter better than i could have. No one is going to tell what i can and cant do with my assets. Roth is saying take from the haves and give to the have nots.
I think Roth is showing the fallacies of Capitalism being presented by others by making you think.
I’m curious David.
Why do you feel the need to defend Roth so often?
Not just today but as often as the comments fall sharply about his articles.
He’s a MAN and can defend himself quite well.
Are you absolutely SURE Roth is just toying with us with this article to SEE what the Posters will defend?
Or just maybe he really does think property rights and capitalism is something THE FOLK cannot endure?
SNIP “We should demand … We must demand …” Who is this “we” that believes they are entitled to tell me how I can and cannot use my assets? Sounds a bit like Mussolini, Hitler, Stalin, Mao and a host of others.
Have you asked him directly David?
I have known Roth for over 16 years. I know he is fighting against evil and for our people. I believe that his current series is not about attacking Capitalism but trying to get people to think. If you have not read Ayn Rand’s Fountainhead, you might want to consider it. I defend anyone who is correctly stating and backing up their side of a discussion. And if you are following my comments, you will see that I posted two comments that were not favorable to his posts.
Strange how things work. I read a personal email this morning concerning your comments from Roth and then I see your comment. I don’t know you but I have a feeling that if you met him in person, you two would have a lot in common. Since I know that Roth believes in property rights and Capitalism, I read his posts from a different perspective.
Yes, the pilgrims tried this and failed, it does sound a lot like communism to me.
It seems that the presupposition here is that the speculator moves the market rather than the market fixing the price. The value of something is what the market is willing to pay for it. The speculator can ask anything he wants, but if the market says it’s not worth that he will not receive his asking price. In a true free market, the cure for his high price is his high price.
It seems that the speculator would not be considered one of the folk. If he is one of the folk, and he can turn a profit by buying and selling anything, is that not a benefit to the folk?
I don’t want my government to love me or to take care of me. They love me too much already, leave me alone!
So leaving my old family hunting land to sit and not be developed into a crowded apartment complex is greedy?
Doesn’t that land have a purpose? Hunting? How is that being greedy? Who suggested everything must be developed?
The article suggest that leaving the land vacant was greedy since I am not allowing it to be sold or developed
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