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freiya.bsky.social
Red Terror
@freiya.bsky.social
Socialist
Probably in 3 to 4 years
December 1, 2024 at 11:55 AM
But wouldn't hoarding still be beneficial since the points of measurement here are only replaced by a fiat currency (US Dollar within this context) even though the potentiality of how unstable it is?
November 24, 2024 at 3:35 AM
But within this context we are talking about the replacement of the use value of gold with fiat currency, which is symbolized through the US Dollar and Neoliberal hegemon as the main standard of exchange.

I didn't disagree with you but I was just addressing the primary current measurement of it.
November 24, 2024 at 3:32 AM
In this regard, we are talking about the usage of US Dollar within the context of Neoliberal structure as the study case right?
November 24, 2024 at 1:59 AM
How ghastly, tbh i haven't reached that path of the book yet really
November 24, 2024 at 1:56 AM
Honestly, could we just interpret these procedures of paper money as the main measurement of value as just the bourgeois class 'make shit up' in order to strengthen their grip/monopoly on the market itself?
November 23, 2024 at 4:06 PM
Essentially they make shit up.
I would like to use the word 'tokenisation' but it is just unoriginal and the term already taken by other respondents
November 23, 2024 at 3:59 PM
Okay that's incredibly too vague and possibly even inaccurate very sorry.

Okay so regarding the role of paper money as the main conduit of value. I think it is mainly to do with the consensus between the bourgeois class in order to further monopolize the already extremely centralized market.
November 23, 2024 at 3:58 PM
The development of the industrial revolution thoughie :3
November 23, 2024 at 5:52 AM
Fakecel alert
October 19, 2024 at 12:38 PM