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DeWayfarer · 61-69, M
LordShadowfire · 46-50, M
@DeWayfarer I agree. Wealth is a societally accepted form of hoarding.
DeWayfarer · 61-69, M
@LordShadowfire I just had an argument with ChatGPT over this very point and won! 🤣
Wealth is a concept. Health is not! Health is a physical thing.
Wealth is a concept. Health is not! Health is a physical thing.
LordShadowfire · 46-50, M
@DeWayfarer Unfortunately, wealth is a society held concept, which gives it the illusion of reality. We all agree that these little bits of paper with pictures of people on them have intrinsic value.
Funny story. True story. Paper money originally was invented as a form of IOU. If you look at the earliest bank notes, they say that they are in lieu of payment, not to be considered payment. In essence, if I owed you three goats in exchange for painting my house, but I didn't have any goats, I would give you a piece of paper saying that it was worth three goats. You could then cash that in at any time.
Eventually, what people started doing, rather than actually cashing in the notes for goats (hey, that rhymes), is they would start trading the notes with each other. You don't think of The Three Stooges as being anti-capitalist spokespeople, but they had a comedy bit that played up the absurdity of this practice perfectly:
[media=https://youtu.be/1aVYJ-krSMA]
Funny story. True story. Paper money originally was invented as a form of IOU. If you look at the earliest bank notes, they say that they are in lieu of payment, not to be considered payment. In essence, if I owed you three goats in exchange for painting my house, but I didn't have any goats, I would give you a piece of paper saying that it was worth three goats. You could then cash that in at any time.
Eventually, what people started doing, rather than actually cashing in the notes for goats (hey, that rhymes), is they would start trading the notes with each other. You don't think of The Three Stooges as being anti-capitalist spokespeople, but they had a comedy bit that played up the absurdity of this practice perfectly:
[media=https://youtu.be/1aVYJ-krSMA]