Comment on How much money's out there?
Sineljora@sh.itjust.works 4 days ago
Money is created through debt. A dollar is a debt from the treasury. Money is net $0. Debt/Money can instantly become worthless if the possibility of fulfilling the contract is 0.
People are enslaved through debt or sword. Money is tokenized slavery tokens.
I think we’re nearing a quintillion in nominal derivatives globally.
blarghly@lemmy.world 4 days ago
This is… fucking stupid. The entire modern world is able to function without a central planner because money allows people to buy the things they want and need via markets. There are all sorts of arguments to make about how fair markets are, how they can be reformed, how various incentives or government programs can be implemented to combat poverty, etc. But large scale, non-monetary economies are few and far between, and there is little evidence that they provide better living conditions for their residents than monetary economies, nor that their systems are replicable in other locations and cultures.
Wealth inequality, I think most people here would agree, is a bad thing. But money is a tool, and is a good - or at worst, neutral - thing. You may as well argue that shovels are evil because sometimes innocent people get bashed over the head with them.