Not State mercantilism, fascistic oligarchy.

You don't note the foundational inequity, the structural economic enslavement of humanity. The monopoly ownership of the global human labor futures market by Central Bankers.. licensed by State.

USPS is a public service, no competition wants to provide the service we pay for.

Regardless what ideological governmental or political structures are in place, Wealth ultimately controls government through Central Bank. Ideological structures act as fascia, hiding the structure of oligarchic graft beneath.

By capitalism, you mean protection of personal property? Self ownership? Where the global human labor futures market is equally owned by each adult human being on the planet who accepts a local social contract agreeing to accept the options in exchange for our labors?

That's the foundational inequity. Money is an option to purchase human labor, and we don't get paid our option fees, we're forced by State to buy money for Wealth with our taxes in debt service, along with a bonus to finance human activity at their whim. Should be clear from WEF estimate of $255 trillion in existence with over $200 trillion in bond market. Central Bankers have loaned $255 trillion into existence to their friends, who bought over $200 trillion in global sovereign debt for a profit and are having States force humanity to make the payments on that money for Wealth...

How's Piketty and peers overlook that, the largest stream of income on the planet, the interest paid on global sovereign debt, paid by humanity to Wealth for no good reason?

So much effort is expended suggesting complex convoluted notions of valuation for money, demanding it be anything other than its only function, option to purchase human labor/produce/property. There's nothing else to do with it, trade with other humans for their stuff conveniently without arranging a barter exchange. Observing functional reality illuminates the inequity, and an ethical correction.

Our existing international banking system is transformed into an ethical global human labor futures market with a rule of inclusion for international banking regulation, BASEL III et al: All sovereign debt, money creation, shall be financed with equal quantum Shares of global fiat credit that may be claimed by each adult human being on the planet, held in trust with local deposit banks, administered by local fiduciaries and actuaries exclusively for secure sovereign investment at a fixed and sustainable rate, as part of an actual local social contract.

Fixing the value of a Share at $1,000,000 USD equivalent and the sovereign rate at 1.25% per annum establishes a stable, sustainable, regenerative, inclusive, abundant, and ethical global economic system with mathematical certainty. All money will then have the precise convenience value of using 1.25% per annum options to purchase human labor instead of barter, mathematically distinct from money created at any other rate. The value of a self referential mathematical function can't be affected by fluctuations in the cost or valuation of any other thing. We'll know regardless what currency is in hand, it was created for secure investment and someone somewhere is paying 1.25% per annum on it we each share equally.

For a reduced and fixed global cost paid to humanity, we get an otherwise cost free global basic income and ideal money; a fixed unit of cost for planning, stable store of value for saving, with voluntary global acceptance for maximum utility, and nothing else. Money loses its coercive property. When existing global sovereign debt is repaid with new fixed value money, Wealth will have over $200 trillion to save or reinvest in something else, with over $6 quadrillion of 1.25% per annum credit for secure investment readily available locally, globally, with local fiduciary oversight.

All human needs can be sustainably financed locally, globally, without any of Wealth's accumulation. Each adult human being on the planet an equally enfranchised Capitalist with a minimum quantum of secure capital and the income earned from it. Local social contracts can be written to describe any ideology, so adopting the rule has no direct affect on any existing governmental or political structures as they can be included in local social contract. Ideological policies can be assessed on a level economic playing field. Note how a communist local social contract may require citizens to sign over their income from money creation to State for distribution, and that's the current process in supposed capitalist governments without our express informed consent, compensation, or knowledge.

So you know, if you didn't.

Thanks for your kind indulgence