‘Outdated and misleading’: is it time to reassess the very concept of money?

shortwavesurfer, 1 month ago

I think what’s truly needed is the separation of money and state, where our money is written in hard code that cannot be changed, such as Monero.

davehtaylor, 1 month ago

Our monetary system isn’t the problem. Capitalism is the problem, and cryptocurrency is not the solution to that. It exacerbates it.

darkphotonstudio, 1 month ago

Yes. The answer is yes

Kissaki, 1 month ago

and economic models that don’t reflect that fact are not even slightly useful.

I think our current monetary system is more than only slightly useful.

Which doesn’t invalidate their two assessments nor suggestion for change.

I’m not sure about the impact a change would have though. Maybe the suggestion is too in concrete, and the hopes too idealistic.

I do think it’s interesting points and tboughts though.

JoBo, 1 month ago

I think our current monetary system is more than only slightly useful.

That has nothing to do with the quote you’re responding to, about economic models that don’t reflect reality. The problem is economic models built without an adequate understanding of the current monetary system.

Many trillions of words have been written about this since the crash. This is a useful short summary which links to some of them.

Bartsbigbugbag, 1 month ago

The first implementation of neoliberal capitalism was in Pinochet’s Chile. It works exactly as its intended, by allowing societal goods to degrade and collapse and ensure higher and higher concentration of wealth in the hands of a few. It’s explicit in these goals, and its growth reflects its efficacy in reaching them. The suffering is intentional.