Money, like all capital, stores time. Stored time can be used to influence others. Liquidity of stored time reduces the opportunity and transaction costs. Labor has almost no value. It is rapidly approaching zero. The problem is even worse that you think. I probably understand the foundations of cooperation (economics) as well or better than anyone living. I don’t think you understand. Its on the scale of the development of speech and multi-part tools. We are rapidly speciating and leaving ‘labor’ behind like we did neanderthals. In fact, the tragedy is the western unification of the world over the past four hundred years, that interfered with existing speciation, and has the chance -now- of reversing european evolution. The Great Filter is obvious: ‘failing to leave behind those who must be left behind’. The value of in-groups is that we don’t need to leave our own behind. but we cannot outbreed or allow invasion by those who do. Thats what happened in India and the middle east. What serious economist has done an analysis on RBE? None. Why? It’s not worth the time. Communism v999. Do you have any idea how large the catalog of pseudoscientific economic proposals is? It’s in the heap. We must build institutions and processes for the humans we have. The Genghis Khan Test of Philosophical Priors:
- What is the first question of philosophy? Why not commit suicide?
- The first question of ethics? Why should I not kill you and take your things?
- The first question of politics? Why should me and mine not kill you and yours and take your things, women, and land?
I know the latest science as well or better than anyone living. And it’s just the opposite. The marxist, neo-marxist, postmodernist false promise of freedom from physical natural and evolutionary law, via pseudoscience of the malleability of man and the promise of endless growth. Haven’t you killed 100M people already with your false promises? Your pseudosciences, sophistries, denials, and deceits? No? I know. You can’t help it. It’s a genetic defect. You’re burdened with female cognitive bias, of conflation of desirable with truth, undesirable with falsehood. And to make it worse, you’re burdened with Dunning Kruger confidence, just as is the entire left. So between the two, the instincts that evolved so that women would continue to invest in their children regardless of cost, causes you to pursue infantile ideas b/c they’re desirable. Grow up. This is Childhood’s End.