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PugJesus

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Simple guide to socialism (lemmy.dbzer0.com)

submitted 2 days ago by [email protected] to c/tankiejerk

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[–] PugJesus 1 points 16 hours ago (1 children)

The second you have the growth associated with a store of value (the ability to spend $100 and get back $110), you have the capacity for different piles of value to grow at different rates (depending on things like luck, ruthlessness, and cleverness) without being limited by a single human’s ability to labor.

That's all material value, though?

[–] [email protected] 1 points 8 hours ago* (last edited 8 hours ago) (1 children)

My goal with that whole comment was to describe money's tendency to grow without limit. And I was under the impression, even as I posted, that I need a lot more practice before I can deliver a simple paragraph that can capture and convey the dangers I see in growth.

To answer your question, no. Money is not material value. Money is an abstract representation of value. Not a "store" of it (as I called it). It's separated from the material and labor value it represents. And in fact, it's probably that separation that makes it capable of the dangerous, cancerous growth that I am so wary of.

[–] PugJesus 2 points 7 hours ago (1 children)

To answer your question, no. Money is not material value.

What I mean is all material value can be multiplied like that which you described.

[–] [email protected] 1 points 1 hour ago* (last edited 1 hour ago)

Oh! That is a good point. I shouldn't say the problem is money, (especially since I call this mini-monologue I'm trying to develop "The Problem is Growth")