Jobs that either don’t contribute in any meaningful way or jobs where one would be better off if they were paid to be on call.
Jobs that either don’t contribute in any meaningful way or jobs where one would be better off if they were paid to be on call.
not exactly what you’re asking, but banks and insurance companies are the majority of what I call “the beaurocracy of money”. they don’t produce anything of value, and are basically just a sinkhole for labour.
I hate capitalism as much as the next lemming but banks and insurance companies, at their base level, definitely provides a service. Banks help you spread the cost of things over time at the expense of interest, and insurance companies do something similar with risk.
Its only when they do warped shit like lend money at zero interest or force consumers to pay for insurance (thereby negating the need to be competitive) that they start to leech off the system.
I would distinguish between providing a service & creating value. the service that banks and insurance provide is useful, but only in the context of a money-centric society. they don’t create anything that has a purpose deprived of context, it’s only the moving around of numbers.
But we do live in a currency-based society. That’s like saying food only has value in the context of a chemical-energy based society. It’s a pointless semantic argument here.
perhaps it is, but I’m not convinced. if food, eating, whatever were an unnecessary and wasteful system then the growing of food and processing, production, etc would likewise be a waste of resources, human labour included. a lot of our work does go towards food production, supply, processing, etc - if you could switch to an alternate system that dispensed with food but didn’t otherwise alter our lives, that would surely be massively preferable. it’s hard to imagine because eating is such a fundamental need, but that’s just a limitation of this comparison.
if we could dispense with money but otherwise have society look much the same (or better, which I think it undoubtedly would be), that would be an improvement, to me, just by virtue of freeing up the labour of all the people who work solely in the overhead of the system. to imagine how else we might function as a society, I think it’s useful to identify ways in which the present system is inefficient.
…but we can’t, so what’s the point
Huh? I can go almost anywhere in the world and wave my phone at a register and take whatever I want home. Without a bank Id have to carry a lot of everywhere.
No. No you wouldn’t. We don’t need banks to implement the concept of currency in a society and you’re myopic for not understanding that but instead pretending to be some sort of authority on the matter.
🙄 uh huh. I prefer a currency backed by something with some longevity and not petted by grifters who keep getting arrested for fraud over and over again, or hacked and cleaned out with little to no recourse.
Regardless, banks aren’t “worthless” at all.
I think of this in the context of healthcare constantly
I’m no economist, but banks are pretty useful from how I understand it. Lending out money people don’t use is like creating money out of thin air. Helps people buy houses and everything. I tried looking for the video I saw on this topic, it’s something like “how banks create money out of thin air”.