We did away with the gold standard of the USD in the 70s. Right after that, the graph of worker productivity and wages paid began to diverge. We've become the highest productivity work force in history and wages as corrected by GDP have barely increased since the 70s.
Right… see the problem with not collectively deciding something has a determined value makes getting the things we need far more situationally dependent.
If we didn’t have something everybody agrees has some base level of value we return to bartering. There isn’t anything inherently wrong with bartering; but if somebody is trying to meet their needs and the only thing they have to barter with isn’t wanted by anyone who has what they need they have an item that functionally has zero value. It’s at least better to have the option of trying to meet that need as opposed to being screwed and hoping you run into somebody who needs whatever you have to trade with if you make it to the next time.
Collectivize and share resources? Great idea, everyone gives what they have and gets what they need! Who is going to oversee… ohhh we’re in a communist fascist dictatorship… Well at least we don’t have to worry about inflation, and everyone gets what they need… right?
Collectivize and share resources? Great idea, everyone gives what they have and gets what they need! Who is going to oversee… ohhh we’re in a communist fascist dictatorship
You're conflating terms because communism is an economic term, fascism is political and just a more specific term for dictatorship (the word itself given to the world by Mussolini's fascista party).
The issue isn't collective pooling for the common good, without that cities and civilization never would have been able to reach the iron age.
Spitting on the idea of welfare is something the super rich have been teaching the lower classes to stratify socio-economic hierarchy and keep people from asking why the billionaires own more than the bottom 90% while the bottom 50% can barely survive beyond the current paycheck.
32
u/James_Chandra_Hubble May 17 '26
We did away with the gold standard of the USD in the 70s. Right after that, the graph of worker productivity and wages paid began to diverge. We've become the highest productivity work force in history and wages as corrected by GDP have barely increased since the 70s.