Well, they did say that the world economy will shrink by a third

post all your thoughts on virology and pathogens here folks

.

It's the only system that works right now, in a pre-scarcity society there'll always be haves and have-nots. It's why communism or lofty Star Trek utopianism will never work.

Austerity for the next 40 years thanks to the fraudulent lockdown. Enjoy!!!

As I just said in the corona topic, I believe the world revolves around money and all it does is cause us grief.

A lot of folk on here worry a lot about the economy, the money in their pockets, feel the need to vote Tory because they feel that's the best option to protect the economy, their jobs, their spendable income, so who can blame them...

Our economy has been fvcked for years, along with many other countries, all run by overpaid, incompetent corrupt c*nts, who bleed us dry a little more every year to pay for their lifestyles.

You are observing the lockdown though right?

Money is nothing more than a medium of exchange. It is a physical representation of the scarcity and skill required to obtain or create any good or service. The modern capitalist system has given us the most prosperous period in history.

Individualism will always triumph over collectism.

So how about this...

We let the world economy crash ?

Cash becomes useless and we manage without it, we all know cashless is on its way, tech is taking over, like it or not.

So here's a basic idea, I'll let you guys debate and fine tune the details OR just laugh it off.

Universal wage on a card or an app on your phone, 3 or 4 bands, unemployed and ill, then workers levels depending on things like skills, experience, effort etc

You pull your weight and be productive, you earn a better level on your card/app.
The higher level you have the better lifestyle you can have, it covers your shopping, the occasional luxury, a car, holidays, hobbies etc.

We still work, we still shop, we still travel, we still produce, trade, import, export etc

That's what socialists and communists never understood, moral indignation only goes so far up against human nature.

And who manages this highly authoritarian, innovation killing, nanny state?

It'd just be a system of the powerful being served by a lower caste of majority menial slave workers, the proles would eventually upend it unless it was enforced by the threat of extreme violence.

You very glibly say we let the world economy crash. I can't really get beyond that tbh . As for cash becoming useless. Who would want that, even if you got rid of it something would replace it. Every economy needs a black element

Cash or money isn't becoming useless, what is meant by a cashless society is the physical notes and coins being stopped. The M1 to M4 money supply would still exist and monetary policy would still have to manage it the way it does now.

We have been living at the mercy of politicians, bankers, investers and countless other greedy bast*rds all our lives, the economy, billions in assets changing hands every day around the world, how much of that do you benefit from ?

We get the country to work, we train, we produce, we trade and export, not for cash, but for other goods, a level playing field, every country given an equal chance to improve and flourish...

I would be dead against that anyway like I said something else would replace it

I know what cashless means.

Why should you benefit from any of those billion dollar transactions taking place?

How you measure the value of the goods being traded? Some countries aren't going to be too happy trading their gold, diamonds and oil for potatoes and onions.

Its only cash, they only give you it so you can spend it back into the economy and on taxes, it's just a bit of paper that goes round in circulation, it's never really yours...