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Lately I've been thinking about how one of the main things that keeps a particular kind of money valuable is that it's what the landlord requires you to pay you
by egypturnash 2y ago
Lately I've been thinking about how one of the main things that keeps a particular kind of money valuable is that it's what the landlord requires you to pay your rent in; the dollar has dropped almost to 1/10 of what it was worth when I was born in the seventies, and a much larger percentage of the supply of dollars is in the hands of rich idiots whose only goal in life seems to be to get even more despite the fact that they and their great-great-great-grandchildren will never need to work a single day in their life, with no regard for how much misery they cause as a side effect (and they cause a whole lot of that).
And then I go to the local farmer's market and while now pretty much everyone takes cards via an app on their phone that tithes a few percent of every transaction to a credit card company, ultimately making one of those rich idiots wealthier, there was a period where the best way to pay besides cash was to visit a little tent that would take a credit card transaction and give you a handful of wooden coins with various denominations screen-printed upon them; shoppers can't cash them out but vendors can; if you pay with food stamps then you get extra tokens in different colors that can only be used for certain classes of items; it's very pleasing to reach into my pocket and pull out a couple $5 tokens to pay for something, and get a few $1 tokens back, no fussing with the infinitestimal value of pennies, rounding everything off to $1 is really just fine even though I'm kinda broke.
And I keep on thinking about just... taking a bunch of those tokens, and seeing who around town I can persuade to accept these instead of US$.
But the thing is that US$ is also valuable for exchanges outside of my community, if I go to a coffee shop they're not going to be able to use these to pay the Brazillian farmers who grow those beans, I'm not going to want to accept payment for a private art commission in farmer's market tokens. And I know that if people start solving this problem with exchange policies for farmer's market tokens, then there will be problems with counterfeiting, and eventually the government will want to step in and enforce its monopoly on being the one who controls the medium of exchange.
And then I look at the amount of grinding poverty around me, and the immense inefficiencies of the attempts to fix that (sure, let's get all these homeless people out of downtown before the Superbowl and stick them in a warehouse that's rented out from a private owner for more money than it'd cost to pay all these folks's rent for a couple years) and I wonder if the whole idea of capitalism is just completely fucked from the bottom up.
So no. I don't really like money either.
- card_zero 2y agoCan't remember if this was via HN or just browsing, but I bumped into "gettone" recently, Italian telephone money: https://en.wikipedia.org/wiki/Gettone https://en.wikipedia.org/wiki/Gettone They didn't have enough currency, so they improvised extra. Thing is, it's hard to see what you're against - it's not really money, or capitalism: you just want your own money system and your own capitalism, and for it all to be grass roots and community and farmer's-market lovely. A cute money system instead of the threatening one we live with.
- egypturnash 2y agoReally what we need is “taxing the fuck out of the wealthy” but that’s sure not gonna come from this administration.