this post was submitted on 07 Apr 2025
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No, I mean wealth, not just currency.
I think that the world has a functionally infinite amount of wealth because (that is to say, if) it can comfortably support every single person. If we allow it to do that, it can still provide a goal to achieve and something to strive for. If we provide the basics for everyone, the particularly wealthy would still have enough to buy literally anything they want at any time.
For all practical purposes, that's functionally infinite wealth. If you were in charge of an electrical grid, and you were putting more electricity into the system than the people drawing from the grid could use, it wouldn't matter that your production was technically finite. You wouldn't need any more, because no one could use any more. If you tried to produce more, it would just start to break things.
The insistence of a zero-sum game, then, is solely there to allow for hoards to exist.
But actually, I think we're both saying about the same thing here. Inflation is, as you say, a fiction that preserves investment. It is a grift; or, at least, it has been used as an instrument of grift by corporations and individuals that have optimized their function to its whims.
Well, probably the best way to explain that the amount of wealth that exist is the amount it takes for a person to live comfortably, and another way would be the value of the labor that person would produce.
That's why billionaires want everyone to have more kids, it's the only way wealth could be created, more humans to be exploited.
I dunno, I still feel like our intentions are the same.
And in a just society this would result in things like moving from a 7 to 6 day work week, then down to 5.
As technology allows an individual to be more productive, the result should be they work less.
Instead we're working the same hours we did 100 years ago...
This results in unemployment as there isn't enough work for everyone, and the people at the top accumulate the savings in wages. So they always fight the reduction of personal labor.
But all we need to do to fix it is give people longer weekends, which would be an incredibly popular campaign platform