Quote from MathAndLogic:
Please refer to this link:
http://www.pbs.org/newshour/businessdesk/2013/10/why-debt-and-money-created-out.html
Inflation keeps the economy from imploding. I understand that. If I can sell only at lower price as in deflation, I may sell at a loss; so, why should I produce?
Federal Reserve is supposed to be independent from politics and it is supposed to shield the economy from politics. Okay, I will give it a benefit of doubt.
Money is debt. Okay, I understand that, too.
My question is this: It is fair that a few people or a few entities have been granted the godly power to create money out of thin air with no effort, whereas the rest of society have to be slaves, have to labor, have to sweat and bleed to earn what these few "create" out of thin air? Or the economy is inherently made to favor a few at the expense of the rest? Are the rest 99% just so stupid to be sheep to be fleeced? If fairness is never in the economy or society, then is this a world we want to live in? WTF?
Would appreciate your thoughts. Thanks.
It is the age old labor vs capital feud. (Today it is cast as the Democrats and the Republicans in the USA but actually one group of Kings). In the feudal system where this new system was born, the serfs in squalor would secretly ask this while the kings in luxury thought the peasants were revolting. And one day they did revolt! What has changed since the 1300's when the church fell in power, and governments and their associated legal and banking systems rose in power? Is this a trend change or merely a pullback to a new high in oppression?
It is fair in the sense that individual actions every day support the system, but if the system gets top heavy, it will correct as does every system created to judge, categorize, and separate. Unfortunately such corrections can be violent and changes come from the margins. Hopefully not this time. Pressures are building due to this basic "fairness" and except that people have food and some shelter, for the most part, would have erupted already.
IMO, the strongest power of the Internet is the destruction of distribution systems as a means of control by a tiny elite. The Internet enforces equality by cutting out the middlemen (and women) representatives. People represent themselves now and vote directly. The government fears that as potentially it's own destruction or change. That means, teachers, government, wholesalers, writers and dozens of other professions are obsolete or will change radically. IMO, the government has become more paranoid as they can feel a sea-change coming and a loss of control. They want the status quo like all entities in existence. IMO, the youth no longer vote because they are dis-enfranchised not because they don't care.
So either the government and their propaganda arm (the media and the school system) destroys the Internet or the Internet destroys the government and rebuilds society. Or perhaps I am wrong and something else happens altogether. All of us create it by our own actions and all of us can also fix it working together.
Is it an irony that the defense research arm (DARPA) created the ultimate enemy, potentially unstoppable threat to it's own government and citizens? What did Pogo say - We have met the enemy and he is us!
