[phatfish]

What do you back it with though? If the global economy was still linked to gold the the price of gold would be astronomical and cause similar problems to oil. Any country that happened to sit on a gold reserve is suddenly a potential world power.

Although if I remember the price of gold was actually regulated while it was linked to the dollar and after the gold standard was removed the price per ounce went up fast. That sort of control feels like a fiat currency anyway.

Changing the mechanics of the economy will not fix inequality, it is born from corruption in the ruling class. They more they are held to account the more equal society will be.

The real problem now is more and more power lies with entities that are detached from government, and the peoples vote (such as it is) has even less effect on those global entities.