Tag Archive: Point System

Sep 21 2014

Anti-Capitalist Meetup: An Alternative Economic System. Part One by Diomedes77

Think outside the box. Way outside it. That’s the key when it comes to the “vision” thing. Most attempts at vision handcuff themselves to the strange idea that everything must work within the frame of the already done, the conventional, the status quo. Which is strange, given that the desire for change must assume that the status quo isn’t working. That being the case, why would we chain ourselves to it and its (arbitrary) rules?

Okay. So the vision thing in this case is primarily about the way we do business, the tools we use and who benefits. At present, we know that business is set up and structured to rain down benefits on a select few at the very top. Any system that creates the kind of inequality we’ve had since its inception isn’t working, and every single aspect of its structure and reason to be should at least be questioned. At least. Offering an alternative vision is common sense, given the horribly unequal results of the capitalist system, and instead of mocking or dismissing those attempts, it’s long past the time when we should be actively seeking those alternatives.

Money. Money is a strange concept, if you think about it. In the capitalist system, it is a store of value, a form of accounting and a means of exchange. But it is also a fiction. It has no inherent value, at least outside societal and international agreements. The key variable is those agreements, which means, logically, that other agreements could be made instead (there have been so many other kinds of agreements in the past). Again, money is a fiction in the capitalist system. It is printed by central banks all over the world, and virtually all of that is done behind closed doors, without any transparency, and without much rhyme or reason. Our Fed, for instance, a few years ago, printed some 16 trillion dollars and handed it out to banks and billionaires all across the globe. They did this in hopes of avoiding yet another world-wide depression, but still clung to the old ways in that the money went to the richest and most powerful, instead of the people who really needed it.

Money is fiction that works especially well in the real lives of the rich. Right now, roughly $1000 trillion in derivatives trading is being conducted worldwide, with a fraction of a fraction in concrete assets backing this. Even after the crash of 2008/2009, when we should have learned that billions in assets backing trillions in trade is never a good idea, things have actually gotten worse along those lines. And why? Because the fiction of money works so well in reality for the financial elite. They make billions on the fiction, while inequality gets more and more severe.

So, what if we made the fiction work for 100% of the people, instead of 1%? What if we agreed to use common sense when it came to funding what we needed, the ownership of that funding and its distribution? What if we made the fictional world fully accessible to everyone, thus making it, finally, a reality?