this post was submitted on 14 Jul 2024
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doomer

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So I don’t often hear leftists talk about the fact that money no longer really exists (hexbear.net)
submitted 1 year ago* (last edited 1 year ago) by Hohsia@hexbear.net to c/doomer@hexbear.net
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Or they do but I feel like the gravity of the statement alone never really registers

Was recently reading a book written a long ass time ago by some Brit where he talked about how a lot of the value in currency (coins and paper of the time) came from the fact that they were all tangible

And now wealth/money is completely digital. Of course the fed still prints shit, but with the amount of people who use Apple Pay/venmo to exchange “money” from person to person?

Actually, does anyone know what I’m trying to say rn? Is money just a Trojan horse?

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[–] Thordros@hexbear.net 6 points 1 year ago

I've been awake for a few days again so pretend I wrote something smart here about use value vs. exchange value. My brain don't work right now.