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hunter

(38,575 posts)
17. My dream is to make money and banking obsolete.
Mon Oct 28, 2013, 12:43 PM
Oct 2013

I've played around with various ideas here on DU, most recently in Kentuck's "What is Money" post.

http://www.democraticunderground.com/10023903736

If we must have money, I think the power of huge banks ought to be much reduced.

"New" money out to be created primarily for the benefit of "We the People" and "Old" money needs to be skimmed off the top by taxes before it grows stagnant and corrupt, buying politicians and sucking the life out of the overall economy. Inflation ought to be controlled entirely by taxes, but people who are making a minimum living wage should not be taxed at all.

An oligarchy, as we now have, is comparable to a eutrophic waters.



The eutrophication of the Potomac
River is evident from the bright green
water, caused by a dense bloom of
cyanobacteri


The so-called "science" of economics ought to be based on ecological principals. Unfortunately the economists latched onto the language of Newtonian Physics (Isaac Newton himself was warden of the Royal Mint in his later years) and fucked up the world badly. This civilization will probably not survive the distortions and misallocation of resources that are a direct consequence of these economic ideologies.

To put it simply, Mother Nature doesn't measure anything in dollars or any other currency. Most of what we humans do for "money" is destroying the natural and social environments that support us. That's why this civilization will collapse.






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