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Have you thought about how abolishing national currencies would remove the need for a military industrial complex?

• IMTDb 5y ago
  No, because at the currency level, the pandemic has proven that the government ability to inject cash in the economy when needed through stimulus checks or temporary unemployed benefits is absolutely essential. At the industrial level, I am not sure of the impact of crypto. You'll still need steel to build bridges wether you pay using gold, oil, paper or crypto. At the military level: "bitcoin" does not sound like a very goos shield vs an AK-47 (nor is euro, usd or any currecny but none pretend to be)
• beaconstudios 5y ago
  Would it? My understanding is that (vastly oversimplified) both currencies and war are driven by scarcity, and that using a digital currency would not fix scarcity as a concept.
• rspeele 5y ago
  Have you? Currency is just an abstraction layer over "stuff". Land, buildings, cars, food, whatever. If some other country has a bigger, meaner military and can roll over you and take your stuff, it doesn't really matter how many virtual coins you have. Your coins are only worth what they can buy, and buying something is meaningless if you can't defend it. The military and by extension the military industry aren't going away unless we end up in a truly magical post-scarcity society where nobody has a reason to take stuff from anybody else, because they can get anything they desire materialized out of thin air for free. Which would also eliminate the purpose of having currencies.
• deleted 5y ago
  [deleted]