'A world without a financial system' from Binding Chaos (2013). Chapter Thread. #BindingChaos #RentStrike #COVID19 georgiebc.wordpress.com/2013/05/24/bin…
"The current speculation regarding the possible collapse of the financial system focuses on possible replacements." [...]
"Before we discuss alternative systems or how to repair our current system, we need to look at why we need a financial system at all." 1/
"Before we discuss alternative systems or how to repair our current system, we need to look at why we need a financial system at all." 1/
"By providing a complete disconnect between work required to produce basic essentials and ownership or access to them, this system also assures gross overabundance of resources for people who do no work of value at all." /2
"We are told that no one would work if they were not paid. This is belied by the amount of people raising their children, cleaning their homes, tending their gardens, volunteering for fire departments and writing open source software..." /3
"All of the work that benefits society is, has been or
could easily be unpaid, while pay is only required for work
that is harmful to society." [...]
"Wages were created not to motivate us to work, but to control our work." /4
could easily be unpaid, while pay is only required for work
that is harmful to society." [...]
"Wages were created not to motivate us to work, but to control our work." /4
"The jobs that corporations and governments have chosen to value are almost entirely busywork, pointless jobs that would not exist in another system, jobs including but not limited to everything in sales, finance, management, politics, and more." /5
"Any for profit system is not going to have social or environmental goals as its mandate (even if it says it does) and a wage paying system is a for profit system. If profit were removed, all decisions would be made for social goals." /6
"Removing wages attached to a specific system would give every individual the freedom to leave any system they did not agree with or that began to malfunction due to core team problems, a better alternative system or
other reason." /7
other reason." /7
"All of society’s problems which could be solved by money were caused by money." /8
"Paid work creates poverty. Anyone not enabling the corporations and doing their work lives in fear of the legal and societal persecution that comes with poverty. Poverty is the hardest work of any available today." /9
"Poverty is also regarded as a moral failure, as society needs to blame the victim to avoid blaming themselves for the situation the poor find themselves in." /10
"Paid work occupies all of our time, and when we are outside the financial system poverty is a full time job." /11
"The current financial system is necessary to control our work, to control our time, to create poverty, to create division and to force people to do work which is harmful to society." /12
