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[–]JoeyJoeJoe 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (3 children)

Has the ever been a time in history with more obvious conflicts of interest and more hideous entanglement between government and industry?

This corruption all stems from a rotten monetary system, though it's hard to know what to replace it with.

[–]Tarrock 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (1 child)

It's not the monetary system. It's fucking court cases and legislation that allows politicians to be in bed with corporations and other countries like Israel, Corporate lobbyists writing all the legislation, and 0 ways to hold anyone accountable.

[–]JoeyJoeJoe 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

All motivated by.... the quest for more currency.

[–]StillLessons 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Money must be tied to some item humans cannot "define into existence". In other words, when it was the gold standard, humans cannot manufacture gold without actual work accomplished. Thus gold defined the quantity of work required per unit of gold extracted. The "barrel of oil" system actually created a similar system, though it was less tightly tied, with relatively informal connection between oil price and dollars. Current money (pure printing press) comes from zero work. It has zero value, yet is accepted for goods requiring work to create/extract. Thus the extreme chaos economically. Whatever system replaces the current system must be based on some item that represents inherent work. Only when the currency represents actual work accomplished can it be used as a stand-in for other items also representing work accomplished.

This is what "hard-money" means.