Money is a form of unaccountable power.
Fragment of a discussion from Talk:Money
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Morbius wrote:
So, going back to your initial premise: "Money is a form of unaccountable power", and considering it in light of what I've outlined [in this discussion]:
- 1. Are my contributions / definitions relevant?
- 2. Is a form of commonly-agreed-on exchange medium itself inherently a form of unaccountable power?
- 3. What would accountability in a monetary system look like? (Ignoring the obvious: that money is an accounting system, or at least, a major component of one.)
I'm ... generally ... of the view that the complaints you have actually focus far less on money than they do on accountability, and that you might want to put some thought into what the elements of an accountable system of power might be.
Components which might be included being:
- Economic externalities.
- Legal constructs -- rights and obligations.
- Equitable distribution.
- Addressing and redressing of grievances.