Money I think is needed. It’s just an easy way to simplify transactions from person to person. If I need to pick up something I don’t have to carry around 3 chickens and a dozen eggs to barter for groceries, I just carry cash.
“Investing” however, is unneeded. There should be no real reason for people to purchase parts of someones business publicly and extract value from it. The companies don’t need the profit from rising stocks, they already have their profits. So all these snakes that buy shares and force companies to rip their guts and morals apart chasing “number go up” does nothing but enshittify products and companies until they’re too unstable to use.
If you want to keep loans, that’s fine, but then it needs to be private, and locally lended. Your lenders can’t provide more money than the local economy can provide and it only goes back into the community that made it. None of these faceless companies extracting billions from a community to some far off corporation.
Money I think is needed. It’s just an easy way to simplify transactions from person to person. If I need to pick up something I don’t have to carry around 3 chickens and a dozen eggs to barter for groceries, I just carry cash.
“Investing” however, is unneeded. There should be no real reason for people to purchase parts of someones business publicly and extract value from it. The companies don’t need the profit from rising stocks, they already have their profits. So all these snakes that buy shares and force companies to rip their guts and morals apart chasing “number go up” does nothing but enshittify products and companies until they’re too unstable to use.
If you want to keep loans, that’s fine, but then it needs to be private, and locally lended. Your lenders can’t provide more money than the local economy can provide and it only goes back into the community that made it. None of these faceless companies extracting billions from a community to some far off corporation.