Comments by "J Smith" (@jsmithmultimediatech) on "Would You Choose Communism of Totalitarian Fascism? Question" video.

  1. We even here in the UK (ignoring their bank which is falling or was, was an absolute disaster at least at one point) the Co-Operative company works exactly like that, I don't know if one would call it communistic but it's certainly out of Socialism. In the much broader sense even the Building Societies are like that, there's no shareholders for the bank so they rely entirely on the customers money for their success, so they usually perform really well when it comes to their customer service standards. The Nationwide Building Society is one of them (mostly what they were to do was to offer Mortgages and those types of lending, they just expanded to become more like the Retail Banks, just they (as I said) lack shareholders. If you buy a lot of things from Co-Operative Food (they do all kinds of other things even arrange funerals, the term is a Funeral Director and it's the same with them in respects to this) their usually smaller Supermarkets, if you become a Co-Op member then you get 5% onto the card (excluding the higher taxed items like alcohol etc... but doesn't mean you can't purchase those items from the card credit you get) of all the items you purchase, I have about just over £2 on mine right now. Means I can buy up to the value of just over £2 (or however much is on the cards balance) on anything there, because I've previously brought things from them, plus eligible for their Co-Op member deals as well (money off various things), the whole consensus is to get people to purchase things from them over others, Marks and Spencers dating least back to the 1800s do the same, (though this example is far wider even you can accumulate points using this on Ebay as well) the Nectar card system, Sainsbury's accept that as well. "The Co-operative Group, trading as The Co-op, is a British consumer co-operative with a diverse family of retail businesses including food retail; electrical retail; financial services; insurance services; legal services and funeralcare, with in excess of 4,200 locations. It is the largest consumer co-operative in the UK and owned by more than 4 million active members.[4] Membership is open to everyone, provided they agree to subscribe £1 sterling in the capital of the society out of their first share of the profits and share the values & principles upon which the group was founded. Members are democratically involved in setting business strategy, decide how social goals are achieved, and share in its profits - in the 2016 £19m was returned to members and their chosen local community causes via the 5+1 scheme. No year end dividend was paid in 2015.[4]" Plus if they make a profit in the financial year you get some of those as well as per how much you've spent using their services and/or goods, but arguably that's not often due to their Bank. Need I say anything about Hire Purchase perhaps as well, though not sure if that would come under that description of being Socialist, I know the Credit Unions will though, if you don't want to pay the extortionate interest rates on a smaller time loan than say payday loans or other things (not exceeding I believe a certain value depending on the Union you lent money from though I don't really know exactly how that works) but that's a form of Socialist lending, all you need is a good reference from some eligible person (they won't allow just anyone to give a reference for someone it has to be someone with some actual moral standing pre-determined by their policies as a company or anyone could lend from them and they'd never get the money back). Doesn't even always have to include anything retail or financial either there's a national charity (or is just classed as and operates as one as such) Citizens Advice (or more formally Citizens Advice Bureau or commonly called The CAB for short) like if there's a complaint someone wants to make about a breach of law (which would be a Trading Standards matter, much like the FTC in the US) then the way to go about telling Trading Standards about it is going through The CAB. Also offer all kinds of advice to the national public through their physical offices as well (some of the staff are paid whereas others are there purely voluntarily and usually a lot older lol who've of course retired), even can do various debt management programs like they're a licenced practitioner for dealing with DRO's or Debt Relief Orders (as long as the debts not above £20k among other restrictions like home ownership, it was to reduce the number of people going to a Magistrate to go bankrupt).
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