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RE: Socialism v Capitalism – isn’t it about time we changed the record?

in #life8 years ago

Definitely some interesting statements here. Money has been the biggest fallacy around for years. Yet it kind of translates the value of something. Which is why I agree, the perceived value of stuff is based on the type of demand for it. That's where the level of scarcity comes in - or the perceived levels- to accumulate as much money as possible. Based on this we have been able to create this system in Capitalism to create stuff that have perceived value - time tells us all the time that it was not as valuable as we thought though -- and offer the respective amount asked for it. All now knowledge/creativity/time are money. In what you stated it will be more obvious than before (at least I hope so)

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Yes that is the readers digest version of it. Thank you for reading it!