A different system other than the monetary system?

[The Wobbly Orange]

The debt based economy allows a degree of flexibility that simply does not exist in an economy directly pegged to a precious asset (ie gold).

Many hundreds of years ago England was at war with France and Spain. At first the economies of these nations were based on precious metals. Spain had vast quantities. England moved to a debt based system and was able to keep the war machine going on debt where Spain floundered. Thus was born the British empire as Spain became no longer pre-eminent.

The debt based economy is far from perfect but is much like how Churchill described democracy.


"Democracy is the worst form of government, except for all those other forms that have been tried from time to time."
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People tell me I am lovely. How wrong they are!

[Dr. Quack]

"One day I saw two roads. One was broad, covered with sand and flowers, full of joy, music, and all sorts of pleasures. People walked along it, dancing and enjoying themselves. They reached the end without realizing it. And at the end of the road there was a horrible precipice; that is, the abyss of hell. The souls fell blindly into it; as they walked, so they fell. And their number was so great, it was impossible to count them. And I saw the other road, or rather, a path, for it was narrow and strewn with thorns and rocks; and the people who walked along it had tears in their eyes, and all kinds of suffering befell them. Some fell down upon the rocks, but stood up immediately and went on. At the end of the road, there was a magnificent garden, filled with all sorts of happiness, and these souls entered there. At the very first instance, they forgot their sufferings."--Jesus

https://www.catholicbible101.com/

[Chuffin Nora]

[Itchy]

[wr6133]

[L-Jam]

Chuffin Nora, not sure what you're highlighting there

[Rogerborg]

[slowlydoesit]

[Clutchy]

[Itchy]

[Itchy]

[Mark_F]

[Itchy]

[Rogerborg]

[Mark_F]

[Polarbear]

Nothing is going to change unless we have a major meltdown of civilisation.

Lets be honest here, the people in power and the people with (large sums of) money don't want it to change and won't let it change.

They don't give a rabid rats whisker about the billions in poverty except from the point of view of control, and whats better then lack of food, drinking water, medecines etc. to keep them down.
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Triumph Trophy Launch Edition

[-]

[Itchy]

[Itchy]

[tbourner]

[daemonoid]

So, we've got to the point where the original argument was rightfully called out for being self referential...

And we're starting to realise that bartering 'goods/services for goods/services' is unworkable without a proxy/token.

And, already being mentioned is the fact that a proxy/token is money...

So, the main argument is actually not what's been discussed on the past few pages, but in reality about how the monetary system is/can be/shouldn't be exploited.

Itchy seems to feel that all the ills of society are founded on the fact that we don't have a gold(or other) standard on which to base the cash we use. But... That has many failings in itself - it promotes inequality - a poor entity that does not have gold does not have access to the monetary system and thus stays poor. It was the method used throughout history, and I cannot see how anyone can argue that it was a better day when the average person was born into servitude of a king who controlled all the wealth.

Arguing that we should leave modern society and go back to the Dark Ages (because it all looks quaint on merlin doesn't it?) is truly ridiculous. There are clearly problems with the modern system, but... The modern system is clearly more effective than the majority of history.

The real issue with money is that it can be hoarded, work done in the past becomes a commodity today. That commodity can then be used to make more (and I can think of schemes to do it with or without a standard). What we really need is greater inflation, a ban on spending and a more consumerist lifestyle for people and businesses. Good luck on getting that though...

No, money is not going to change - simply because there are some of us who can game any system put in front of us. The only way to stop it? To make winning less attractive - another social reform... Something truly new mind, not an old idea that has been relegated to history. I'd really like to see a guaranteed minimum income trialled or my own idea - 100% of assets have their value destroyed when people die.
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current: ducati monster 750
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@thomasgarrard | www.straitjkt.com | www.racingseven.com

[Nexus Icon]

I watched "In Time" the other night. They used time as currency and, tbh, it suffered the same abuse as money does now.

It was not a terrible movie though. Not great but not terrible.

We could give that a crack, if you fancy, otherwise we'll probably just stick with what we have now, eh?
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Greetings from Shitsville!

[slowlydoesit]

[mentalboy]

[chickenstrip]