doomer

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So I don’t often hear leftists talk about the fact that money no longer really exists (hexbear.net)

submitted 4 months ago* (last edited 4 months ago) by [email protected] to c/[email protected]

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Or they do but I feel like the gravity of the statement alone never really registers

Was recently reading a book written a long ass time ago by some Brit where he talked about how a lot of the value in currency (coins and paper of the time) came from the fact that they were all tangible

And now wealth/money is completely digital. Of course the fed still prints shit, but with the amount of people who use Apple Pay/venmo to exchange “money” from person to person?

Actually, does anyone know what I’m trying to say rn? Is money just a Trojan horse?

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[–] [email protected] 15 points 4 months ago

I mean I guess as far as I'm concerned money has always been fake. Oh, this useless shiny rock is worth this amount of your flour today because of how rare the shiny rock is and how rare your flour is and the fact that the shiny rock has been cast into some king's face or whatever? Yeah okay, sure, whatever you say dude.

When shit really hits the fan, money is always worthless. You can't feed your kids or stave off dehydration with all the jewels in the world, any more than you can with the magic numbers in your online bank portal. It's an abstraction we use when society is functioning as normal to make the exchange of stuff go smoother, and in that sense it's working the same as it always has.

Idk I'm not an economist or anything