When Marxists critique capitalism, they are criticizing consumerism and inequality, which are amplified through fiat and credit. Fair enough. But they fail to understand the mechanisms of sound money that can regulate levels of consumerism and inequality.
It seems to me that many of the labor value arguments come out of a place of “protecting labor”, and I think this is mistake because it simultaneously seems to commodify labor even more. A human being is far more valuable than the work he is able to produce for markets.
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"Protecting labor" is not my main subject, rather "unemployment". Money escaping from industrial economy is unemployment, unused purchasing power, unused work mob-ilization. And a need of our time is to make finance help fighting against climate change, to mobilize work for that.
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This view requires spiritual insight. The simultaneous existence of the vast multitudes of the poor and the unused cash stockpiles in today’s technology companies signals lack of this insight to my eyes.
End of conversation
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