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Missed this at the time, apologies: the trouble is, capital IS only capital through the collective make-believe of our society. That's fundamental to the concep
by Applejinx 9y ago
Missed this at the time, apologies: the trouble is, capital IS only capital through the collective make-believe of our society. That's fundamental to the concept of abstracted money. Automation makes for a hell of a good barter system—you can basically give people golems in exchange for whatever you like, it can be extraordinarily valuable. But we're not talking about barter systems, we're talking about speculative capital, which is even more make-believe than fiat capital.