this post was submitted on 08 Feb 2024
343 points (100.0% liked)
196
16484 readers
1854 users here now
Be sure to follow the rule before you head out.
Rule: You must post before you leave.
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
There's nothing inherently wrong with money, and any pre-scarcity economic system will need some kind of token or allowance to prevent overconsumption of resources :)
The lie that capitalism tells us is that the only reason anyone should ever want to use their money is to better themselves :)
Money is information about how a group of people wish to allocate resources (material and labor). Capitalism casts money as a resource of its own, which is also a lie.
Bingo! Money is a unit of measurement, but it's the only unit of measurement that we can buy. We can buy a kilogram of potatoes or a meter of cloth, but it would be ridiculous to just buy a kilogram or just a meter. And yet, I can promise you $120 Monday if you give me $100 today, which means I can buy a dollar.