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Capitalism requires growth, finite resources/demand can't always live up to it. I have always believed that the virtual economy / digital goods is really where
by drawkbox 12y ago
Capitalism requires growth, finite resources/demand can't always live up to it. I have always believed that the virtual economy / digital goods is really where most of the growth needs to be.
We are seeing lots of this but maybe not enough. The only limited resource in virtual worlds is imagination, storage, network and power (energy), but it takes fractions of what physical goods take. If we can pull something off like in Ready Player One OASIS or even just more participating in buying digital goods I think this is part of the solution.
Another area I think can help is loans/investments but of digital currencies. The world of funding could be revolutionized by bitcoin like systems where they are primarily for hoarding, but they are also perfect for supplying capital. Capital could be made available to the 99% out there in new interesting ways, shaking up baked in wealth of the 1% that is immovable at times of need. If there ever is a basic income, I believe it will be some sort of digital currency, a new currency might even start out that way.