School me on economics

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#1
I’m going to keep this really short:

How did the banks end up holding the title of the world?


Human civilization uses “money” as legal tender. Loans are taken out to attain money so resource can be had.

So the bank pays nothing for the entire worlds resource, folds it up & calls it a dollar, then turns around & sells that (at interest) to the people so people can obtain said resource?
 


darwin

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#2
In a perfect world, saver deposits money into bank. Bank pays say 2% on account. Bank lends savings account money out at say 6% and reaps a 4% profit on the services minus expenses. It gets real complicated when you throw in the Fed Reserve and it's operations regarding banks.
 

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#3
In a perfect world, saver deposits money into bank. Bank pays say 2% on account. Bank lends savings account money out at say 6% and reaps a 4% profit on the services minus expenses.
How was money acquired in the first place?


And do you believe Justice to be universal?
 
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darwin

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#4
Poor man gets money working for rich man. Justice depends on who you know and how many 0's are in your bank account.
 

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#5
Poor man gets money working for rich man. Justice depends on who you know and how many 0's are in your bank account.

I want to know how money was introduced into society.

(And let’s not forget about the title of the world either)

Was it introduced out of bartering?
 
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#7
Update:

I’m still interested in Justice. This is certainly something I want to follow. I have another question aimed at the American People. In capitalist society, how do you deal with initial conditions?

So, the motherland & the beholder of all worlds resource. In a Just state, how are you going to lineate the response so it concerns all propagated heavenly bodies?

Letting someone take all for free & then selling that to his posterity sounds like a terrible idea, but that is exactly what happened. Man didn’t pay a dime for the cosmos.

So! The splitting of Pi. How does your congressional body/the treasury “the state” deal with initial conditions?
 

Timbone

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#8
I think you need to focus your thinking. What you lack, I think, is a good mental framework to help you sort through these issues.

Read Plato’s Republic. Doesn’t matter which part. Just open it up and read. Great discussion of justice and why doing good is always best. Think of how you would answer Socrates’ questions!

How we divvy out goods and services is a great subject for investigation. In theory, the resources of the world belong to us all, but our capitalist instincts and desires to accumulate material goods at the personal level often counteracts our natural desires to share equally.

The best arguments against capitalism point out the vast inequities in resource access, waste of resources, and formation of wealthy elites.

The best arguments against socialism focus on the paradox of sharing resources equally among the society yet individuals lust for their own private possessions.
 

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#9
I think you need to focus your thinking. What you lack, I think, is a good mental framework to help you sort through these issues.

Read Plato’s Republic. Doesn’t matter which part. Just open it up and read. Great discussion of justice and why doing good is always best. Think of how you would answer Socrates’ questions!

How we divvy out goods and services is a great subject for investigation. In theory, the resources of the world belong to us all, but our capitalist instincts and desires to accumulate material goods at the personal level often counteracts our natural desires to share equally.

The best arguments against capitalism point out the vast inequities in resource access, waste of resources, and formation of wealthy elites.

The best arguments against socialism focus on the paradox of sharing resources equally among the society yet individuals lust for their own private possessions.
I’m not interested in priming a demon. My definition of the Just state is that of virtue. My framework would start here:

“Polemarchus came up behind me & grabbed hold of my cloak”

If all propagated bodies ran at straight lines, you betchya you’d run out of room. The question that should be asked here is what are we going to short man. ...had he kept on going forward, he could have obtained such & such. Whatever this minimum may be, every man should be billed it. And I want a Joule to Joule conversion here. Paper check, title. At the end of the day, it’s Power. ...had the State not been there in the first place, I would have had it anyways. This is exactly how it should work & I speak for all propagated bodies for I am Polemarchus (servant & general)
 
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