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It's absurd that such a crucial function of society -- control of the money supply and management of debt -- falls on the hands of an unelected, unaccountable,

It's absurd that such a crucial function of society -- control of the money supply and management of debt -- falls on the hands of an unelected, unaccountable, largely hereditary elite. Yet nobody talks about this, when the solution is obvious and in plain view of all: democratise banking.

geggam 7y ago
The democratic process leads to tyranny of majority which is still tyranny but I guess you have better odds of being in the privileged pool.
- croon 7y ago
  It's likelier to find yourself in an agreeable/livable situation with interests aligned with 50%+ people, rather than ~0.1%. I'd have to agree that those odds are better.
  - geggam 7y ago
    Those 50% soon change into the .1% and with a democratic process you find folks like cambridge analytica who learn how to use propaganda to manipulate the masses. It is a terrible idea but quite common in history, you can also read history to learn why its terrible. Plato wrote in The Republic, “And so tyranny naturally arises out of democracy.”
    - andrepd 7y ago
      I wonder what's your alternative then? Democracy is flawed, but newsflash: so is the world. The world is a messy place, and democracy kinda works, at least better than most other options.
      - geggam 7y ago
        A nation of laws, when the laws are followed and applied to everyone you have a fair and reasonable situation. The US was created as a Constitutional Republic with the constitution binding the govt. The govt has used its powers to erode that binding and in doing so created the federal reserve which has been the problem causing most of the financial issues. When you have a group of people who can create currency replacing money ( a store of value ) then you have a group of people who are unstoppable. I will leave you with this... William Pitt made this statement: "Let the American people go into their debt-funding schemes and banking systems, and from that hour their boasted independence will be a mere phantom." He realized the maxim that Rothschilds laid down as fundamental: "Let us control the money of a country and we care not who makes its laws."
gbersac 7y ago
I'm not sure people are knowledgeable enough to know if someone is competent to be a banker. How could such election not ending as a populist race.
- r00fus 7y ago
  Why will democratization lead to demagogues? The most popular ideas should win, not the most popular people. We have no real need to require representation anymore, we should have a fully auditable, direct democracy.

geggam 7y ago

The democratic process leads to tyranny of majority which is still tyranny but I guess you have better odds of being in the privileged pool.

croon 7y ago
It's likelier to find yourself in an agreeable/livable situation with interests aligned with 50%+ people, rather than ~0.1%. I'd have to agree that those odds are better.
- geggam 7y ago
  Those 50% soon change into the .1% and with a democratic process you find folks like cambridge analytica who learn how to use propaganda to manipulate the masses. It is a terrible idea but quite common in history, you can also read history to learn why its terrible. Plato wrote in The Republic, “And so tyranny naturally arises out of democracy.”
  - andrepd 7y ago
    I wonder what's your alternative then? Democracy is flawed, but newsflash: so is the world. The world is a messy place, and democracy kinda works, at least better than most other options.
    - geggam 7y ago
      A nation of laws, when the laws are followed and applied to everyone you have a fair and reasonable situation. The US was created as a Constitutional Republic with the constitution binding the govt. The govt has used its powers to erode that binding and in doing so created the federal reserve which has been the problem causing most of the financial issues. When you have a group of people who can create currency replacing money ( a store of value ) then you have a group of people who are unstoppable. I will leave you with this... William Pitt made this statement: "Let the American people go into their debt-funding schemes and banking systems, and from that hour their boasted independence will be a mere phantom." He realized the maxim that Rothschilds laid down as fundamental: "Let us control the money of a country and we care not who makes its laws."

gbersac 7y ago

I'm not sure people are knowledgeable enough to know if someone is competent to be a banker. How could such election not ending as a populist race.

r00fus 7y ago
Why will democratization lead to demagogues? The most popular ideas should win, not the most popular people. We have no real need to require representation anymore, we should have a fully auditable, direct democracy.