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Old 2012-10-04, 10:31   Link #56
DonQuigleone
Knight Errant
 
 
Join Date: Dec 2007
Location: Dublin, Ireland
Age: 35
When we talk about money, it's important to realise that it's fundamentally an imaginary construct. It doesn't actually exist.

You have to look at material advancements, and in that respect the evidence is standing everywhere around you. Today we work less physically to produce more.

If there's any fault I'd find with our current regime it's that too much money seems to be flowing to financial institutions when financial institutions don't physically create anything, nor do they provide any kind of materially valuable service (like healthcare, education or entertainment). They do aid in making the allocation of our resources more efficient, but I don't think that's enough to justify the obscene pay checks on wall street.

I'm not saying financial institutions aren't important, but I have the feeling that more and more of our political and social discourse is being viewed within a financial industry framework, when ultimately money is basically imaginary.
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