I just came across this Reddit post that got me thinking for a sec.. and it kinda makes sense.
What’s your take on it? Like, imagine a world with no money
what do you think that’d be like?
Are we slaves ?
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I just came across this Reddit post that got me thinking for a sec.. and it kinda makes sense.
What’s your take on it? Like, imagine a world with no money
what do you think that’d be like?
I don't think we are slaves to money. People with these thoughts in my opinion often live beyond their means.
I got two thoughts on this:
1. This is why something like crypto can't work. Because if so many people "win" i.e have lots of money do you think average things will stay the same price they are now? no.
2. The whole slave to money is from thinking you have no control. But in reality you do, the issue is you have no self control because you don't know how to live within your means. By that I mean if you are in debt working now and constantly spending money then if I give you a million or two million you will just blow that because the level of things you can buy with a higher price tag increases.
Nothing changes.
Learning to live within your means and save money is one of the hardest things to do in life and it's worse they don't even teach money management in school (or not when I was in school) yet when you leave its bigger than needing algebra or whatever again.
My definition of wealth regardless of how much you earn is having enough money in the bank so when you go out for a meal with friends or family or whatever you never have to ask "how much is that" or worry about the price. You can just buy it, enjoy it and have a good time.
I got two thoughts on this:
1. This is why something like crypto can't work. Because if so many people "win" i.e have lots of money do you think average things will stay the same price they are now? no.
2. The whole slave to money is from thinking you have no control. But in reality you do, the issue is you have no self control because you don't know how to live within your means. By that I mean if you are in debt working now and constantly spending money then if I give you a million or two million you will just blow that because the level of things you can buy with a higher price tag increases.
Nothing changes.
Learning to live within your means and save money is one of the hardest things to do in life and it's worse they don't even teach money management in school (or not when I was in school) yet when you leave its bigger than needing algebra or whatever again.
My definition of wealth regardless of how much you earn is having enough money in the bank so when you go out for a meal with friends or family or whatever you never have to ask "how much is that" or worry about the price. You can just buy it, enjoy it and have a good time.
There was a world with no money. If you wanted to eat you had to herd, grow, or barter for food.
Money just makes it simpler.
Dropping the gold standard, in retrospective, was an awful idea (no politics please) and I think that this what made it worse.
Greed in its core is not about money, it's about power, and you can see tribes that don't use any money equivalent are still using "wealth" to establish superiority.
I think that a world without money is not utopic, but chaotic.
Money just makes it simpler.
Dropping the gold standard, in retrospective, was an awful idea (no politics please) and I think that this what made it worse.
Greed in its core is not about money, it's about power, and you can see tribes that don't use any money equivalent are still using "wealth" to establish superiority.
I think that a world without money is not utopic, but chaotic.
Get learning to grow your own food, if there's no money or have a trade that you can use to barter.
Working for someone is always going to be you on a hamster wheel.
Turn up at the office/factory, do your shift, then see the boss get his new car every year, while you are trying to save for your week on a package holiday.
I was mates with a guy in the UK, his name is Wazir, going back 20 years now. He ran a mobile phone company, a big operation, advertised daily in all the UK national and a lot of regional papers.
He had a great call centre and distribution set up.
One year he didn't give his staff an annual bonus and the next day his brother turned up in a brand new Ferrari ( talk about how to piss your staff off at Christmas ). His staff had a 3 day Xmas break.
What pissed his staff off even more was the fact that over Christmas he flew to Dubai to complete on a property on The Palms.
I overheard one of the call centre girls on her phone in the carpark, during her tea break and she basically asked me what she should do, as she was expecting the bonus to help pay for Christmas.
I replied, "sorry but a bonus is just that, a bonus. Your other option is to start up on your own in the same business"
While ever you work for another person, to an extent you are a slave and can be dropped at the drop of a hat.
Taking that leap of faith to be self employed is not for 99% of people though.
Working for someone is always going to be you on a hamster wheel.
Turn up at the office/factory, do your shift, then see the boss get his new car every year, while you are trying to save for your week on a package holiday.
I was mates with a guy in the UK, his name is Wazir, going back 20 years now. He ran a mobile phone company, a big operation, advertised daily in all the UK national and a lot of regional papers.
He had a great call centre and distribution set up.
One year he didn't give his staff an annual bonus and the next day his brother turned up in a brand new Ferrari ( talk about how to piss your staff off at Christmas ). His staff had a 3 day Xmas break.
What pissed his staff off even more was the fact that over Christmas he flew to Dubai to complete on a property on The Palms.
I overheard one of the call centre girls on her phone in the carpark, during her tea break and she basically asked me what she should do, as she was expecting the bonus to help pay for Christmas.
I replied, "sorry but a bonus is just that, a bonus. Your other option is to start up on your own in the same business"
While ever you work for another person, to an extent you are a slave and can be dropped at the drop of a hat.
Taking that leap of faith to be self employed is not for 99% of people though.
Some great points here.
Back many years ago in School we did economics ( as well as home economics = cooking ).
We were taught the basics of how the economy worked, how businesses worked, we even ran for 4 months a paper trading shares portfolio. This was long before the internet was a thing !
I taught myself to trade futures and options, in around 1992 I invested £1000 and withing 6 months this was worth just over $7500. My resources for this was newspaper and ceefax/teletext.
One of the first things they taught you in the military, was about opening and running a bank account.
I always remember the bank manager visiting the base saying; " as silly as this sounds, just because you have cheques in your cheque book, it does not mean you have enough money to cash them".
Finally, I left the military in 1989, I did 8 months pf odd jobs, including engineering and welding, then did 14 months of business studies.I set my first business up in October 1991.
I have never worked for anyone since then.
In my first year I turned over £120k all done by me, the sales, the admin and the delivering of goods.
It would be possible to live in a world without money if we developed new ways to value work and share resources. Even if it sounds ideal, human nature and inequality might still create new forms of power and control.
