Why Socialism X: Socialised Capital

soviet money

How would a nascent Socialist State get hold of the necessary financial resources to build new services and re-tool old ones? Mammoth opposition from the privileged layers of the old regime will not make it easy…

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The True Value of Money

This Charlie Brooker article had missed me by…

“Money is broken, and until we admit that, any attempts to fix the economy seem doomed to fail. We’re like passengers on a nosediving plane thinking if we all fart hard enough, we can lift it back into the sky. So should we be storming the cockpit or hunting for parachutes instead? I don’t know: I ran out of metaphor after the fart gag. You’re on your own from hereon in.

Banknotes aren’t worth the paper they’re printed on. If they were, they’d all have identical value. Money’s only worth what the City thinks it’s worth. Or, perhaps more accurately, hopes it’s worth. Coins should really be called “wish-discs” instead. That name alone would give a truer sense of their value than the speculative number embossed on them.”

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