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The good side of money causes its bad side.
Money is portable, divisible and can be stored easily. This is its practical aspects. However, it is those very attributes which are its demise.
A quick look at the intrinsic flaws of its attributes:
As a medium of exchange: When the flow of money is insufficient or stops, e.g. people become poor or companies go broke, transactions also stop regardless whether there is genuine demand for these transactions.
Any monetary based medium of exchange intrinsically suffers from this flaw because the total supply of money becomes the limit regardless of real resources.
As a unit of accounting: Everything is distilled down to the bottom line figure of the balance sheet and decisions are based solely on the profit factor. Financial profit is favoured over common sense.
As a store of value: Gigantic sums can be accumulated and for those who operate either a legal or an illegal business, the addiction of accumulating money easily become the driving force over integrity. Everything must be evaluated, to give it a price so that is can be sold or purchased (transacted) using the monetary unit of accounting. However, the price of something is purely artificial and clumsily reflects the real value of that thing. The value of each and every thing in the world is complex and multifaceted. Distilling such complexity into a single simplistic number is at best an awkward approximation. Money fails to reflect the real value of things which leads to corruption and instability.
A good system would promote the following (all which money fails to deliver):
• Supply of goods and services are commensurate to the demand of the entire population
• All living persons have sufficient access to the necessities of life such as food, shelter, transport, health care, education and entertainment
• There is fairness in luxury rewards
• Meaningful statistical data is available to regulate and optimise the work week vs overall quality of life
• All living persons are given the best conditions to be productive and have a meaningful position in society
• Environmental care is a focus
• Encourages production methods that are the most efficient and produce the least amount of pollution
• Encourages the production of quality items that last
• Advances in clean technology is unimpaired by profit making
• Advances in medicine is unimpaired by profit making
• Sustainability is a by-product of the above
Money is the number one candidate for being replaced by an entirely new system than can perform better. Devising a new system that can replace money is a complex task but it is achievable. Adopting a new system that is better for everyone is desirable. It is part of evolution and progress.
Money is portable, divisible and can be stored easily. This is its practical aspects. However, it is those very attributes which are its demise.
A quick look at the intrinsic flaws of its attributes:
As a medium of exchange: When the flow of money is insufficient or stops, e.g. people become poor or companies go broke, transactions also stop regardless whether there is genuine demand for these transactions.
Any monetary based medium of exchange intrinsically suffers from this flaw because the total supply of money becomes the limit regardless of real resources.
As a unit of accounting: Everything is distilled down to the bottom line figure of the balance sheet and decisions are based solely on the profit factor. Financial profit is favoured over common sense.
As a store of value: Gigantic sums can be accumulated and for those who operate either a legal or an illegal business, the addiction of accumulating money easily become the driving force over integrity. Everything must be evaluated, to give it a price so that is can be sold or purchased (transacted) using the monetary unit of accounting. However, the price of something is purely artificial and clumsily reflects the real value of that thing. The value of each and every thing in the world is complex and multifaceted. Distilling such complexity into a single simplistic number is at best an awkward approximation. Money fails to reflect the real value of things which leads to corruption and instability.
A good system would promote the following (all which money fails to deliver):
• Supply of goods and services are commensurate to the demand of the entire population
• All living persons have sufficient access to the necessities of life such as food, shelter, transport, health care, education and entertainment
• There is fairness in luxury rewards
• Meaningful statistical data is available to regulate and optimise the work week vs overall quality of life
• All living persons are given the best conditions to be productive and have a meaningful position in society
• Environmental care is a focus
• Encourages production methods that are the most efficient and produce the least amount of pollution
• Encourages the production of quality items that last
• Advances in clean technology is unimpaired by profit making
• Advances in medicine is unimpaired by profit making
• Sustainability is a by-product of the above
Money is the number one candidate for being replaced by an entirely new system than can perform better. Devising a new system that can replace money is a complex task but it is achievable. Adopting a new system that is better for everyone is desirable. It is part of evolution and progress.
Menick09:
thankyou so much for this help
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