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> Ponzi, or no Ponzi, it's still an illusion What do you think money is? > you want somebody doing work This is one reason why the robotics work going on rig
by timschmidt 1y ago
> Ponzi, or no Ponzi, it's still an illusion
What do you think money is?
> you want somebody doing work
This is one reason why the robotics work going on right now is so exciting. Without the demand for elder care, it wouldn't attract as much investment or development.
- imtringued 1y ago>What do you think money is? Money is basically a coupon for labor. If there are no vending machines (read young workers) for labor coupons, then you won't get labor, no matter how many coupons you accumulate. Holding money does not teleport people into the future. (= the store of value myth)