You are reading a single comment by @rhb and its replies.
Click here to read the full conversation.
-
I took the convince me it works comment as money has become so massively unequally distributed that it's obviously not working for everyone.
I missed your post as I wrote my reply on the same point.
I see 3 problems:
1) Unequal distribution, particularly where originally created via colonial activities etc and to some degree still maintained.
2) Depletion/destruction of natural resources to convert to money/currency/value/whatever.
3) It's a trust/confidence based system. Believe it'll be fine forever and it'll be fine forever.(Edit: spooky we both used buying crisps as an example).
rhb
Isn't that money rather then fiat currency though, money has been around for bloody ages longer than fiat. I took the convince me it works comment as money has become so massively unequally distributed that it's obviously not working for everyone.