spacemonkey wrote: Medius wrote:
spacemonkey wrote:The first thing we need to conquer is greed/gluttony. Where is the lines between enough, excess, and absurd excess?
The trouble is never "where is the line" it is always "who sets the line".
I think we will find a cure for the common cold before we find a cure for greed. Today, some piles of wealth are so excessive, 90% could be removed, and they would remain excessive.
True, but how many of those piles are actually outside
of the economy? Meaning, how much is in giant Scrooge McDuck vaults and how much is just numbers on paper actually out in the economy fueling things?
Don't get me wrong, I do believe there is plenty of non-productive investment. There are quite a few schemes on Wall Street that are just theft with a pretty name. But there is also plenty of investment that actually turns into real production and real jobs, so that wealth isn't really being misused so badly.
General consumers aren't likely to put their money into sound future technology. There are some mechanisms that show promise, like crowd funding, but there won't be the due diligence as to the authenticity of the innovator that you would get from a company choosing to invest large sums. In short, I don't think it is black and white. I think we'd be better served by scaling back on things that are obviously idiotic in our economy first. Nix the Wall Street gambling mechanisms. Line up money and production again. Try to extricate our economy from being entirely dependent upon debt. Then see where we are at before we take more drastic steps.