The non-owning classes need a different tool for tracking debts than the fiat currency we’re used to.
If there is a way to cooperatively track value created by working within your neighborhood, say fixing a neighbors deck, delivering food, etc, outside of macroeconomic trade, we could figure out how to live without the hoarding pigs.
The difficult part is accountability. Commodities and fiat currencies are what they are, but trying to implement some other fungible measure of value created before the representation of that value already exists is what has me scratching my head. If there are 100 people capable of doing work within their community but only $10 to go around them, it doesn’t make sense to exchange work for money that doesn’t exist. But if those 100 people can agree to compensate one another by exchanging work without using the currency, they would all be unblocked and industrious.
The non-owning classes need a different tool for tracking debts than the fiat currency we’re used to.
If there is a way to cooperatively track value created by working within your neighborhood, say fixing a neighbors deck, delivering food, etc, outside of macroeconomic trade, we could figure out how to live without the hoarding pigs.
The difficult part is accountability. Commodities and fiat currencies are what they are, but trying to implement some other fungible measure of value created before the representation of that value already exists is what has me scratching my head. If there are 100 people capable of doing work within their community but only $10 to go around them, it doesn’t make sense to exchange work for money that doesn’t exist. But if those 100 people can agree to compensate one another by exchanging work without using the currency, they would all be unblocked and industrious.