Madman — Madman
the real problem with money is that the amount of it in circulation is greater than the amount of resources available for production and consumption. — WISDOMfromPO-MO
Many people find the work they do reasonably satisfying, and many people define who the are by the work they do. — Bitter Crank
Is this just a lack of imagination? Is it just anchoring in something so as not feel the nihilistic void? :D — schopenhauer1
We still will not have eliminated a system where every individual acts according to what he/she rationally calculates maximizes his/her utility and the invisible hand magically makes all of that self-interest result in maximum collective good. We will not have eliminated the greed, exploitation, etc. that such a system encourages. — WISDOMfromPO-MO
Money is just a medium of exchange. — WISDOMfromPO-MO
Replacing workers with robots will not, in itself, usher in the kind of revolution you are proposing. The whole relationship of property and persons would have to be abolished. — Bitter Crank
Money is just a medium of exchange. — WISDOMfromPO-MO
First about the money. It is true that money is a medium of exchange. I'm arguing that in today's world, a medium of exchange has become obsolete. — Madman
Then, if we would have enough for everyone, private property is not needed since private property is money expressed through the ownership of commodities. — Madman
The value of private property (factories, railroads, airlines, warehouses, stores, cropland, etc.) lies in its capacity to produce commodities. Commodities (clothes, chairs, beds, food, cars, books, TVs, etc) are personal property. Money, as an exchange mechanism, doesn't drive the system. It can't, really. The average person works to produce enough value (to the society) to obtain the commodities he needs. — Bitter Crank
We don't actually have enough of everything to go around. It is not possible for all 7.3 billion people to live like first world people do. — Bitter Crank
These companies are doing everything they can to delay the implementation of solar panels since it would put them out of business. — Madman
It is true that my reaction may be extreme and that companies are helping us develop a better world. — Madman
If that were the case, the money supply could be reduced, solving the problem. Too much money in circulation chasing too few goods causes inflation.
Metal coins (gold, silver) are not impervious to inflation, either. In ancient times currency was inflated (or debased) by adding base metals to the precious metals, allowing for more, less valuable, coins to be struck. — Bitter Crank
To pay dividends to investors, pay debts to creditors, etc. there has to be more economic growth. For there to be more economic growth more things have to be commodified. For more things to be commodified, the supply of resources for production has to increase. To increase the supply of resources for production, people have to be dispossessed, ecosystems have to be destroyed, etc.
We are not living within our ecological means. A supply of money in excess of the total value of existing goods has a lot to do with that. — WISDOMfromPO-MO
I don't know how we can step off this merry-go-round of extraction, production, consumption, waste, and more extraction. It isn't that I can't imagine a rational, ecologically compatible way of life, I just don't know how we can make the transition from where we are now to a more sensible way of life. — Bitter Crank
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