Money doesn’t run out, it is just a proxy for relationships between people, for rules and regulations between people. That is why the FED can print trillions and just hand it all out to banks, no problem, the system is rich enough to back it all up with its imaginary “work” and jobs that potentially could be expressed by all of the millions of idle people worldwide. That is why the “gold standard” would simply kill off the economy completely, it would create an artificial scarcity (just like all of the Resource Scarcity Doomster wish and want there to be, because by saying that everything is running out, OIL is running out, there are too many people, etc. what they are really saying is that since this is how I “objectively describe reality”, “reality becomes my description”, I will force reality to abide to my description: if everyone believes that this is reality, reality becomes exactly this since reality is defined by the consensus people have on how they interpret it and how they define it, from a description language to a command language). Money, as a proxy for human relationships is infinite, just like “work” could be infinite (but most work today is useless, not needed, is just fluff).
No one is asking for the money from the wealthy, no one wants to take it away from them. That is what you think I want, but it is not, as far as I can see, and as far as I am concerned, they can keep their trillions, it makes no difference, it doesn’t even make a blip on the radar, it is irrelevant how much the rich have. It is not a limited resource, in fact it is the opposite, a Technological Economy creates money automatically, by the boatloads, there is no need to take it away from anyone. But the dominating ideologies (both right and left and green) love to “personalize” economic affairs, love to set people against each other as in who has more, who robbed this, the other guy is a freeloader, etc. never really talking about the structure, the large scale, really “objective structure” of the economy. It is very convenient to talk about people and their behavior and “who has more” then center the discussion on the real large scale structures of the Technological Economy: because if you did, you would have to admit that it kills way more jobs than in creates, it would imply the only possible solution : scott free handouts to all and huge public private projects.
Anyways the “rich” have so much that even if they did give a large chunk of it away, it wouldn’t even make a blip on their radar, they wouldn’t even notice, we are talking about 100 trillion dollars worldwide that doesn’t know what to do at all, do you have any idea how much cash they now have after hogging it up for decades (but it is not their fault, nor did they really ask for it, but the system automatically simply gives the money out to the already rich. They have billions, how on earth can they even spend it ? after you spend 10 million dollars on luxury cars and houses they still have hundreds of millions, and they don’t even probably want that cash or give two ccks and a dck about it anyways (but only as a status symbol, who has more just for fun).
The system is set up automatically to create inequality, you don’t need 10 programmers, you need just one programmer who is very smart and who will work 20 hours a day, same for chip designers, biochemist, researchers, you name it, the system is not out to create jobs, but to eliminate as many as possible and hire only the best, the most “productive” and “competitive” (and rightly so, you would do the same thing) and those who will work the jobs of ten people or 20 hours a day, etc. This myth of job creation is totally false the invisible hand is just really the visible hand of getting as much a bang from a buck as possible and this implies the exact opposite of job creation: job destruction and hiring only the best. It goes without saying that out of a thousand Advance Services Information Workers only about a hundred are the best (oh yes, they deserve it and “worked hard for it” and nature was kind with them furnishing them with a top notch brain, I have seen it, there are people who are very quick and bright in math and chess games etc. nothing you can really do about it, it is pure inequality achieved from the outset, tough luck, oh but they say you can “work hard at it”, well this is false, the smart ones (or workaholics ?) are simply smart (or have no problem working 20 hours a day, etc.) the lesser ones are simply lesser no matter how much effort they put in, that is the nature of things, and the corporations and powers that be know this).
So what are you going to do with the other 900 that are good but not “top” (or workaholics) ? tell them to go fly a kite ? tell them that the invisible hand of the market will hire them ? And especially if the top guns are working their best and their most efficiently, they are actually producing directly or indirectly for everyone given the huge amplifications and economies of scale the Technological Economy has structurally. Now extend this to hundreds of millions worldwide that need jobs and a house, do they all “have to work hard for it”, when the system needs “hard work” like a hole in the head, and the entire idea of “hard work” is totally obsolete and just a puny cultural psychological relic of the 18th century that serves to make the losers feel guilty as in blame the victims ? And anyways the more those few million “top notch workers” work hard, the more they are producing for everyone, they are, and this ideology is creating even greater amplifications and economies of scale, but especially huge profits for the capitalists.
But it is all in vain, you will keep on saying, “it will never work”, vlad will say “blacks rape”, the other guy will say “don’t pay the welfare queens”, etc. etc. But what you say is actually what you want, you want it to be that way, just like everyone wants things to be exactly how they describe it, hence they reinforce the system as it is, they directly, by saying that it is “objectively like this”, really mean “we will make it so that it will always be objectively like this”, hence not a description language, but a “command language”, etc.
Also, all of these debates are based on guessing what the effects of some social rules and politics are on large populations of independent free wills: obviously there is and will never be any way to know, free will really means totally unpredictable, totally without any possible pattern or rule, actually it really means whatever you predict, whatever logic you think will happen or is operating, I will contradict it just because, for fun, just to demonstrate my free will, to show you that I can do anything at all, and especially to demolish your imaginary “objective society” since society is never objective but just a set of quirky, pure subjectivities expressing themselves and contrasting and breaking as many rules and contradicting as many possible discernible patterns as possible: that which will always break any pattern as soon as a pattern becomes apparent.
One thing I think many people are totally unaware of is how the last 100 - 200 years were so extremely exceptional, how they were such a truly one time quirk combination of events that will never repeat again: first the discovery and application Electricity, then of OIL (huge amount of free energy), then the automobile, then airplanes, then TV, then computers, etc. All of that technical progress in such a short time, all of those huge game changers creating all of that new work and “growth” and consumerism, etc. This is where the myth of Innovation, Research and Education “creating jobs” really comes from: the standard economic model thinks that (or pretends ?) we will go through similar cycles all over again, but they are totally insane to think this: how on earth can there ever be another innovation so incredible as the discovery and application of Electricity or OIL or the automobile or jet planes, space travel, you name it!
Of course all of those new inventions and innovations created huge growth and millions of new jobs, but it can’t ever be repeated again, no matter what, no matter how many new tablet designs or freckled face punk facebook web pages you invent. No way jose’, but they keep on insisting in this miracle formula, that there are all of these innovations and game changers and breakthroughs and “killer applications” that will create entire new sectors with millions of jobs. Wishful thinking, no, the only thing you can do is decide how to apply the technology you have, since 90 % of the fairy tale story of technology has been achieved and it is mostly over now, now it is all politics and deciding what to do with what you have.
And what you have to do is build trillions of skyscrapers, rockets to mars and give out free salaries and cheap rents for huge luxury houses (to get the McMansion building economy running up again) to all.
But all of these debates are like debates between lawyers, everyone will always find a way around any other position, everyone will always defend a position, no matter how irrelevant, wrong or crazy, etc. After all the USA invaded Irak on no logical position whatsoever and everyone defended it, Hitler turned an entire nation into insanity and no one said anything, etc. It is all a debate between lawyers, no matter what anyone says, there will always be a perfect response that will contradict the other party perfectly.
Now, go on, say that “on the paper it looks good but it will never work” (what you really mean is that you and millions of others will never make it work, don’t want to make it work and will always do everything they can to not make it work, will say that “objective reality” works according to your (or anyone’s else random ideology) ideology, etc.).