"Back in the day," miners and factory workers were paid in "company currency" -- Monopoly money that you would take to the company store to buy what you need. After all, isn't that why people work in the first place? So their employees became their slaves. What are you going to do saving up fake company currency? This is how the Unions came about in America. Now we're circling back to just that. We work for companies in exchange for company currency that we just end up giving back to them for bare necessities.
The complexity of the monetary system is pretty much a ruse. Remember when we were worried stimulus checks would drive inflation? Routinely, the Fed deposits money into big banks without debiting anything. It's not in your bank account, but you can borrow it. That's what creating money is.
The point being, the money doesn't appear into the ether. The government gives it to someone... Else.
I would, here, separate Capitalism (tm) from free markets. You and me trading is fine. The debt-based monetary system requires constant impoverishment. Real tl;dr , it's usury.
The fundamental problem with capitalism: your money isn't yours, it's theirs. They will do everything possible to optimize your money away.
"Back in the day," miners and factory workers were paid in "company currency" -- Monopoly money that you would take to the company store to buy what you need. After all, isn't that why people work in the first place? So their employees became their slaves. What are you going to do saving up fake company currency? This is how the Unions came about in America. Now we're circling back to just that. We work for companies in exchange for company currency that we just end up giving back to them for bare necessities.
that was more because the work was in a hard place to reach
The complexity of the monetary system is pretty much a ruse. Remember when we were worried stimulus checks would drive inflation? Routinely, the Fed deposits money into big banks without debiting anything. It's not in your bank account, but you can borrow it. That's what creating money is.
The point being, the money doesn't appear into the ether. The government gives it to someone... Else.
I would, here, separate Capitalism (tm) from free markets. You and me trading is fine. The debt-based monetary system requires constant impoverishment. Real tl;dr , it's usury.