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Money was a fungible proxy for stuff people made/harvested/gathered. The first distortion was its use on speculation/investment/insurance- in a word, finance. T
by bawana 10y ago
Money was a fungible proxy for stuff people made/harvested/gathered. The first distortion was its use on speculation/investment/insurance- in a word, finance. These instruments allowed value to change in the absence of supply/demand of the real product they represent. Markets were invented for these instruments. And ‘financial’ money now dwarfs all other kinds of money. Take forex for example.
We need to restore the purpose of money as a tool for living. Financial money should only be used for real transactions. Not more finance. And not transactions with machines either(machine money). As we revalue humans this way, our lives will return to balance.