SWEDEN said: When you said that it currently works, you forgot to mention that all American wealth is now abstract
What, in your opinion, would be a manifestation of non-abstract wealth? Gold? Can't eat it, it doesn't keep you warm or the rain off your head, you can't use it for transportation or sleep on it, etc. It's as abstract as paper or electronic currency. Now hog bellies, that's concrete. You can hold them and even eat them. Would that be an acceptable form of wealth for you? Is real estate real enough?
and can be conjured up at will by the economic wizards over at Fed.
Every change made by the Fed results in some people making money and some people losing money. No net change. I don't know of any fiscal alchemy going on over there.
Is it really a wise system, or one that works, if only a few individuals control most of the wealth?
This may be the case in Angola where the government owns everything but not here. Does real estate constitute wealth? A higher percentage of people own their own home than at any other time in history. Are you referring to the aforementioned abstract wealth? Is a stock certificate in Micro-soft too abstract to be "real" wealth? Because that is the kind of wealth that is held by the "FEW". Or are you referring to debt obligations of the federal government(Treasury Bills and municipal bonds and such), which I assume is another abstract form of wealth. First you try to assert that the wealth is illusory and then you bemoan, falsely, that it is mostly in the hands of the "FEW".
And then start a huge downward spiral of economic collapse as they send this country into a debt which it cannot repay?
By they, I assume you mean the mythical "FEW". But if all their wealth is tied up in abstract debt obligations of the government why would they want to send the country into a debt it cannot pay? That seems too stupid even for the "FEW"
That the growing interest rate of the money our government owes to private industries is not a positive feedback loop, doomed to burn itself out? A system that works... for now.
Interest rates have just lately started to rise in rather small increments after having spent several years at historic lows. I also don't think that it is private industries that hold most of the government paper. It is rather the "FEW" and big pension funds. As far as doom goes, well, I've heard this Pollyanna crap for 30 years and you know what? It never comes true. And the negativists generally don't do that well.
We are capable of harnessing the sun's energy, an infinite source of heat and light in our lifetimes and for millions of generations of humans to come.
No we are not yet capable of doing that. It is also doubtful that it will ever be possible in NY, or London or Dublin or San Francisco or Seattle. We certainly can't do it on trucks and cars and planes. Should we give up all of these things?
Why have we not started to do this on a widespread scale? Each community should be saying, "Fuck the privatized energy corporations that have been screwing us over. We will build solar energy farms and take control of our own power generation." But suddenly if we no longer need petroleum, coal, or natural gas, all perishable resources, that leaves a lot of rich folks without a way to satiate their money addiction. So they put a lid on it.
Once again, the technology does not yet exist.
My viable alternative would be to have each city in America become its own self-sustaining community that grows its own food and generates its own power,
And NYC will put these farms where?
so we don't have to rely on power hungry pigs who are too busy swimming in their pools of gold coins to care about the rest of us. Money should flow like water to the people contributing to their own community, not hoarding all the power for themselves. If humans learn to work like this, like the cells in our bodies all work in unison to sustain our life, perhaps that would be a better system than the doomed one we have right now.
The cells in our body do work pretty well together. But, they are all specialized. That is what makes a higher organism. What you seem to support for humanity as a whole is less than a jellyfish. Better system? I don't think so.
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