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by somenameforme 992 days ago
This sounds attractive at first reading, but it has a logical fault in that many things that are 'invented' are not just a creation of the inventor. Math is an obvious example. It is 100% a human 'invention.' Yet it's "real" enough that it will certainly be involved in the first dialogue with another intelligent species. It's a reality, even if it exists outside the material world.

Our economic system is dysfunctional and getting worse, but I don't think it's about capital so much as it is about endless interest requiring (and assuming) endless growth, as the article hits on. Another perverting issue is governments going infinitely into debt, the US in particular, really distorts economies, and consequently societies. Here [1] are a series of graphs across a practically endless series of data. It focuses on the inflection point of 1971, which is when the USD became a completely free floating currency, enabling infinite 'money printing.' It's not hard to see that things haven't really gone so well with that ability unlocked.

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As one interesting aside, as I was typing 'wtfhapp..' into Brave Search to grab the URL, I found it telling that one of the autocompletes (likely due to large numbers of searches for it) was 'wtf happened in 1971 debunked.' The inflections following 1971 are so extreme people clearly just can't even believe it. But there's no trickery there. One can read more about the Bretton Woods System (which is what we pulled out of in 1971), here. [2]

[1] - https://wtfhappenedin1971.com/

[2] - https://en.wikipedia.org/wiki/Bretton_Woods_system