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by vjktyu 2383 days ago
But they are created of thin air. Govs print more money to keep up with population and productivity growth. How these new money are distributed is a different question. The only thing that makes these money worth anything is a general consensus to accept them for some real work. And that consensus is driven by the desire to own things which is fueled up by the media. If everybody chooses to become a monk, these billions won't be worth anything. Overall, riding this wave of human greed isn't a bad thing: all these things around us, built by capitalism, allow us to have at least a few hours of free time per day. Before that people had to work 5am - 11pm to grow and hunt food.