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Economic Solutions to Problems

Vijayee Kulkaa edited this page Oct 15, 2015 · 24 revisions

tldr; Think like a banker

Capitalism with fiat currency as its token under central banks have the drawbacks of

  • cyclical consumption to pay debt
  • impossible to repay debt
  • exponential increase in debt per increase currency
  • impossible to pay
  • increase in currency without real substance
  • demeaning affect on value of human life
  • artificial scarcity
  • creates propaganda as value
  • Gives semi-permanent unfair advantages to those with more capital
  • aggregates power in groups and disenfranchises individuals
  • incentivizes counterfeiting

Capitalism with commodity backed currency as its token have the drawbacks of

  • real scarcity
  • aggregates power in groups and disenfranchises individuals
  • contextual devaluation
  • incentivizes counterfeiting
  • incentivizes abuse of natural resources
  • incentivizes imperialism to gain resources
  • demeaning affect on value of human life

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