Too bad the :libertarian-approaching: answer to the question of "why do we obey the legal fiction that is money" is "time to make a worse money!" :cryptocurrency: :dumpster-fire:
Too bad the :libertarian-approaching: answer to the question of "why do we obey the legal fiction that is money" is "time to make a worse money!" :cryptocurrency: :dumpster-fire:
I think there are parallels between the Pharaoh's pyramids and the modern luxury economy or military economy.
Hell, you could compare it to the modern commercial real estate economy. Why do we insist on building out new Mega-Malls and steel-glass skyscrappers in an era when that mode of development is past the point of profitability? Only because we still have large and well-connected coalitions of investors, managers, and workers who benefit from construction as well as a base of supporters that continue to believe these symbols of prosperity are desirable even when the attendant long-term social benefits aren't forthcoming.
Case in point, Austin is building multiple 100+ story towers in an era when the city physically can't move people into and out of the downtown area in any kind of efficient manner. Why are we building these behemoths when "nobody" wants them?
Yea I think that’s the punch lines point. That pro-capital economists are religious rather than analytical.
We might be more analytical, we might have more wit, but my god we can’t meme.
:debate-me-debate-me: