Number 4, 5 and 6 of the suggested measures by Marx and Engels to achieve the goals of the communists in most countries (They actually come in this other in the text):
4. Confiscation of the property of all emigrants and rebels.
5. Centralisation of credit in the hands of the state, by means of a national bank with State capital and an exclusive monopoly.
6. Centralisation of the means of communication and transport in the hands of the State.
https://www.marxists.org/archive/marx/works/download/pdf/Manifesto.pdf
It seems like the link between central banks and socialism is not at all something that's appreciated by many.
It is not a capitalist system when the cost of capital itself is centrally planned through benchmark interest rates.
It creates a scarcity in capital and makes capital accumulation concentrated in the hands of a few, the same way price controls create scarcity in the supply of commodities and concentrate production in the hands of a few.
And then there's also this:
Fantastic, now I have an awesome argument against my socialist friends: they generally dislike the system they live in, and it’s ironically nearer to what they worship than capitalism.
Yep!
Explaining to them the Cantillon effect would also be a great way to help them understand that the inequality that exists right now is artificially enabled by Central banks.
