Imo, the problem with capitalism ( and several other -isms) is the way it treats money..money is a measure of value or worth... It's not a good that can be rented (interest), nor a service. When someone loans out x, he loses x purchasing power to someone else.
Correct, but it's balanced by the increase in purchasing power of that who received said loan... Not sure what your point there is...
Then he collects his x, plus interest, thus created money out of thin air.
How is it created out of thin air? If the person took a loan and used said loan to create a product or a service by which he then made a profit and used those profits to pay back the loan with the interest, that money was earned through the production of the good or service that was provided...
Again, doesn't make sense...
Its not a service either. Providing a service requires expenses, labor, risk, and a balance statement that may or may not break-even and make profits. Some may argue that loans are services, banking is a service, but imo banking is, not loaning. What banks do is take a chunk out of this money, that is still made out of thin air. Thus owning lots of money guarantees that you will keep making tons of more money without even trying at no risk of loss.
Umm... Loaning money does come with risk, LOTS of risk! That's why they are able to charge interest. And maybe you heard of the recent financial crisis that the US went through pretty recently... LOL Again, that's a service provided and it's NOT created out of thin air. That is currency that is traded.
The only entity that can CREATE currency out of thin air is the government! If anyone else does it, they go to jail!
Minimum wage raises a sense of security, drivng burrowing and increases loans. This kind of market is unsustainable and will keep collapsing every once in a while to normalize. Ever wonder how the richest 35 people own more than the poorest 3.5 billion?
This is the one absolutely correct thing you said! But minimum wage has ZERO to do with the rest of your post... Minimum wage IS the creation of value (out of thin air) to which the markets (through capitalism) has to balance, and does...