Our monetary system is completely broken

[Sociobiology]

You do not become rich by "providing muh value bro". You become rich by being close to sources of money (the banking financial system) and gaining first access to the creation of credit.

This video explains a lot about the monetary system:


Glorious Mao Zedong please save us from this capitalist hell.

 

[Deleted member 102846]

Dnr you can become rich by providing value holy shit that's such a retarded take

 

[BecomingHuman]

It all comes down to this:

Current state of meritocracy is overrated
And
Current state of nepotism and tribalism is underrated

Not a single pixel tho

 

[Sociobiology]

Dnr you can become rich by providing value holy shit that's such a retarded take

The lower down on the socioeconomic ladder you are, the more you are getting fucked over by inflation. For example, a highly skilled worker will be underpaid for their work (this is how the employer makes a profit) and their income will be fucked over by inflation because they do not have first access to credit. On the other hand, a lazy and greedy investment worker will earn a 250,000 bonus without providing any real value to the economy because nepotism got them into the job. On top of that, the 250,000 bonus lot of buying power because prices in the economy have not increased to meet the increase supply of money caused by the spending of the 250,000 bonus. This is a broken system.

 

[Sociobiology]

It all comes down to this:

Current state of meritocracy is overrated
And
Current state of nepotism and tribalism is underrated

Not a single pixel tho

 

[BecomingHuman]

why

 

[Sociobiology]

why

inequality destroys societies. You don't seem to comprehend this.

 

[BecomingHuman]

inequality destroys societies. You don't seem to comprehend this.

why do you think I don't comprehent it?

 

[BecomingHuman]

inequality destroys societies. You don't seem to comprehend this.

Don't give me brainlet emojis with this beginner level economics knowledge.

There's nothing wrong with inequality in itself. Arguably it would be optimal to give bigger peace of capital to competent people (the same with credit).

The problem is that most of the people with capital got it under different environment (lower taxes, different laws, or just in general frauding). And now they are hoarding and sharing the capital between each other and not using the capital as efficiently as more competent and higher IQ people would use.

And as economic landscape changed, high IQ people can't do much to get more capital as they spend too much effort trying to get out of a slum.

 

[Sociobiology]

Don't give me brainlet emojis with this beginner level economics knowledge.

There's nothing wrong with inequality in itself. Arguably it would be optimal to give bigger peace of capital to competent people (the same with credit).

The problem is that most of the people with capital got it under different environment (lower taxes, different laws, or just in general frauding). And now they are hoarding and sharing the capital between each other and not using the capital as efficiently as more competent and higher IQ people would use.

And as economic landscape changed, high IQ people can't do much to get more capital as they spend too much effort trying to get out of a slum.

you've just disproved yourself in your own post.

 

[BecomingHuman]

you've just disproved yourself in your own post.

How did I disprove myself. You just can't read.

Ask chatgpt to explain my initial post if you can't understand it.

 

[Sociobiology]

How did I disprove myself. You just can't read.

Ask chatgpt to explain my initial post if you can't understand it.

retard

 

[BecomingHuman]

retard

low iq victim mindset

 

[Sociobiology]

low iq victim mindset

megaretard

 

[BecomingHuman]

megaretard

oh no I'm not nepo baby and I'm far from credit, so I won't even try to properly provide value lol

 

[Sociobiology]

oh no I'm not nepo baby and I'm far from credit, so I won't even try to properly provide value lol

providing value = getting exploited.

 

[BecomingHuman]

providing value = getting exploited.

high correlation doesn't mean equality