
The monetary system is clearly holding us back and killing billions of people.
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Veenet wrote:It seems impossible because its so deeply rooted into the people in the entire planets system.
But we have to think of a new way of doing things. The technology is there.
Its just the monetary system holding us back and causing war, famine and destroying the environment
and turning us all into slaves to the people who control the monetary system.
pcCoder wrote:If the money system is supposed to represent an I-owe-you for work actually done, then it is severely flawed when high up CEO can make in one hour the same amount their slaving hourly workers make in a year, when the "owner" of some "intellectual property" can profit indefinitely of a work performed once, and so on. I don't say that we need to do away with the money system, but that the distribution of wealth based on actual work done seems so far out of balance that many people are a form of virtual slave to others who have the financial capability to lobby and ensure that things don't change.
Veenet wrote:But we have to think of a new way of doing things.
Thomas Eshuis wrote:I think the notion of interest and debt is a far greater detriment to society than money will ever be.
Ihavenofingerprints wrote:Thomas Eshuis wrote:I think the notion of interest and debt is a far greater detriment to society than money will ever be.
They are inherent in a monetary system though. Receiving interest is no different to investing in a shop, you just get a much higher return from the shop investment. Debt is just agreeing to pay someone at a later date, it's impossible to remove.
Ihavenofingerprints wrote:Paying interest on debt is an interesting one, you could use legislation to limit the amount banks can charge. But no one would loan if they couldn't receive interest, they would just invest in shops instead
Veenet wrote:It seems impossible because its so deeply rooted into the people in the entire planets system. But we have to think of a new way of doing things. The technology is there. Its just the monetary system holding us back and causing war, famine and destroying the environment and turning us all into slaves to the people who control the monetary system.
If we get rid of it, will my overdraft disappear?
The_Metatron wrote:So long as you get to decide what's important, that's good for you, eh?
Veenet wrote:If the money system is supposed to represent an I-owe-you for work actually done, then it is severely flawed when high up CEO can make in one hour the same amount their slaving hourly workers make in a year, when the "owner" of some "intellectual property" can profit indefinitely of a work performed once, and so on.
Veenet wrote:I don't say that we need to do away with the money system, but that the distribution of wealth based on actual work done seems so far out of balance that many people are a form of virtual slave to others who have the financial capability to lobby and ensure that things don't change.
this..
It is a simplistic way of thinking and i don't have the answers. I wish I had a perfect alternative. It is quite easy to see that the monetary system is holding us back and is deeply flawed and will never work. All i know is that is will never work in the long run so change is inevitable although highly unlikely we would see it in our lifetime.
The main problem with the monetary system is that it can never be ethical. If a shop owner knows his mars bar costs 5 cent more than his friend's shop down the road, he would be failing business wise to tell the customer that.
Veenet wrote: if a leading official sitting on the council of foreign relations knows that a particular policy they are thinking of applying will loose his company millions of dollars, he would be failing monetary system wise to apply the policy even if the policy would save millions of lives.
Why live in an unethical backwards system that causes 90% of the worlds problems just because it's the simplest way of trading?
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