Posted: Sep 21, 2013 2:24 pm
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.
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. 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?
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. 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?