3 ms·
I general I don't really disagree with you, but there's one place we do differ. I find that in reality we often don't have the choice between a good idea and a
by somenameforme 3y ago
I general I don't really disagree with you, but there's one place we do differ. I find that in reality we often don't have the choice between a good idea and a bad idea, but rather between a bad idea and a terrible one. And so trying something new simply because what we currently have is bad is not compelling, to me. It's really interesting how much wisdom is tucked away in all of those old hokey folk sayings that we seem to be largely discarding in modern cultureless culture: 'Out of the frying pan, into the fire.' So, no - I don't find it to be just navel gazing.
As to the issues with "our" current system, I think one could argue a lot of it started in 1971. [1] It's referencing the end of Bretton Woods. Under Bretton Woods the USD was convertible to gold at a fixed rate, and other countries were obligated to peg their currency to the USD. The idea being that the fixed conversion rate would prevent the US from printing too much money, or other countries would just convert their excess USD to gold and make a huge profit. Except we did print too much money and other countries decided to cash in their gold. So we simply defaulted on our obligations and withdrew from the agreement.
It's at exactly that point in 1971 that the handcuffs on governments' money printing were completely removed. And we're now seeing the consequences of this. Rather than being some deep issue with capitalism, I think we're just looking at a relatively short-lived monetary experiment that's ultimately turning out to be a catastrophic failure, masked only by the fact that we kicked off said experiment at the exact time computing and related technology was entering into a hyper-expansion phase. But now as that fantasy/bubble of infinite growth to sustain infinite monetary expansion starts to pop, we're seeing the natural outcomes happen at an accelerated rate.
[1] - https://wtfhappenedin1971.com/ https://wtfhappenedin1971.com/