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> It's the wrong angle. One should not look at corporations as the moral saviours. It's too late. You're arguing a return to the past, "money is just money, co
by erikpukinskis 9y ago
> It's the wrong angle. One should not look at corporations as the moral saviours.
It's too late. You're arguing a return to the past, "money is just money, corporations are just doing what's in their self interest."
That's still the dominant ideology, but it's on the wane.
It will be replaced when cash is replaced. Cash will be replaced by bonds. I won't pay McDonalds in cash for a burger, I will pay them in a bond specifically to be disbursed according to how I want the money to be disbursed. Yes more burgers. Yes advertise all you want. No, this money may not be spent on rainforest destruction. If they misuse funds, the bond will be broken and they'll be subject to penalties. Intentionality will reach forward and back across the disbursement boundary. Cash will die.
Capitalists have always talked about cash as if it had the color of a bond, "vote with your dollars" and that kind of thing. And repeat purchases do start to act like a bond. If I'm a large repeat customer and I complain, the business is likely to respond.
But that setup, where the bond is just implicit in the revenue stream, inevitably caters to the wealthy. If you're a big fish, your cash is treated as a bond. If you're a small fish, it's treated as cash.
Digital currencies will allow us to actually pay for small transactions with microbonds, giving much more power to small purchasers.
- SubiculumCode 9y agoInteresting idea. You have resources talking about this in more detail?
- anigbrowl 9y agoHow are you going to persuade large vendors to accept your microbonds? It's an interesting take, but we've had competitive currencies in the past and they have their own problems. I'd like to persuaded of this, links are fine too.
- nradov 9y agoMcDonald's doesn't want to deal with your nonsense. If you don't have proper fiat currency to give them they'll tell you to go buy your food somewhere else.
- deleted 9y ago[deleted]