@SMGI_NYC What we seem to forget is that capitalism needs a free market, while a free market does not need capitalism. By definition, a free market is where NO ONE CONTROLS ANYTHING YET EVERYONE INFLUENCES EVERYTHING. Capitalism disrupts this ideal.
@socialism21 Automation and now artificial intelligence have taken over production. Jobs are threatened. We produce more to create jobs. But we have climate change and limited resources. A vicious cycle. Smarter solution = Share work + informed decisions that benefit all incl environmt.
@StevenHailAus @Jaffer22915438 Productive capacity of the economy can vary. If more money promotes more capacity then the value of the currency is maintained. Inflation occurs when the capacity remains the same but large amounts of money is injected into the economy.
@StevenHailAus Main point. Value of money(currency) is based on how it motivates people to produce goods and services. This includes crypto currencies. Based on this value we trade money in the economy.