In my opinion, Marx was right about the abolition of private ownership. Ownership is a social contract, and social contracts can change. A lot of wealth disparities come from this system of land ownership that promotes inefficient use of prime real estate through perverse incentives. And an entrenched class of landed gentry will always push a country towards autocracy.
I don’t think they are going to have a choice in the end.
Except that isn’t the direct energy conversion of a unit of energy. I’m talking basing the economy off of an objective scientific standard.
The petrodollar isn’t a good example because it just mandates that oil be traded for in USD, meaning it forced the demand for USD, but the dollar isn’t a direct conversion for a unit of oil.
My basis is that electricity (or power in the physics sense) is the currency of reality. Energy states configures matter and govern how it behaves. On an economic level, the entire process of pulling ore from the ground, refining it, and turning it into a finished good requires equipment, which is another sub process requiring some material and energy cost, and energy to run the process. Since we have entered an age where information can be easily gathered via sensors, and processed so quickly, we can transfer to an economy that uses energy as currency directly. Especially as humans are further and further removed from the labor process via technology.
I’ve been thinking about what comes after, and I think an energy based economy is the future.
Using watts as a currency, since any action in reality requires energy to change it’s state. Biological or otherwise.
Covering everyone’s basic needs and then distributing the surpluses of energy to people to engage in commerce, research, recreation, etc.
It removes the speculative nature of money, which is a side effect of the abstraction from reality that money is.
That’s because our country was sold a long time ago. The Heritage assholes and Ronny Rayguns took their victory lap 45 years ago.
Obedience and tolerance to the intolerable were beaten into anyone younger than that, and all they had to do was give the 1980s Americans an ever revolving target of innocent minorities to be the vessel of their contempt.
Now there is nothing left to strip from the economy and the billionaires are now desperately looking for another place to loot, and there is nothing left. Thanks to globalism, they already ate the planet.
If we don’t find a new way forward, capitalism is going to eat itself and us along with it.
I, uh, think we might actually have to do the 2nd amendment thing, folks.
Removed by mod
Oh yeah, now instead of just getting the license plate and putting out a BOLO, they just killed a 1 year old.