Say you want to buy a house. Should only people that have enough cash be able to buy?
If you don’t like fiat or crypto, do you think everyone should have hundreds of thousands of dollars worth of PM in their homes? I go to buy a house and I need $500,000 worth of gold and I am just going to hand it all to the seller? Who is then going to just trust it’s all real gold?
If you don’t believe in lending and interest, are you a commie that wants other people’s money for nothing? Why should a random stranger give you their money to use for free?
Seems like there is a segment of people who are anti anything financial (because they are financially illiterate) yet don’t have any realistic solutions on how things would work otherwise.
Quoting: Anonymous Coward 42717143 Hey, I have not read this thread... so the ideas I mention have probably been discussed. But:
All economies are exclusive Any economic system that you can imagine is exclusive. It excludes people that don't want to play by the rules of said system.
Exclusivity of economies is an important idea because it means that if you come up with an alternate economy, you must also see it as exclusive. You must realize that your system must exclude the other systems.
For instance, let's say you don't believe in banks or fiat or crypto. Great. One of the more important realizations you must make is that people who use these things, must never be allowed to interact with you based on these things.
If a person takes out a loan from a bank to purchase something from you, you must insist that they first convert the asset they have (USD) to an asset that your economy recognizes (lumber or land or cows, etc).
So, why is every economy exclusive?
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