QuoteYou want a pile of money you can keep in the bank and earn interest on to pay you an annuity.  This is what you can't have.  Because the reality is that the stuff the money is supposed to buy is disappearing.  To be a true proxy for the available resources, the money has to disappear right along with them.  You can't get something for nothing.

Not exactly true.  The graphs I showed earlier document that the amount I or any ordinary Joe has is degraded by the financialized economy of new money taking away value.  It is not that things are disappearing, things are not disappearing.  At least not yet.  The slice of the pie an average worker has is worth ever less.  This is because the big pieces of pie get bigger making the other pieces smaller.

If I work for a chocolate bar today, but decide to buy it tomorrow I should not be penalized.  Money does not have to degrade with time.  The purpose of money is be to a constant storehouse of value, and I contend that capitalism is contradictory to maintaining a constant storehouse of value.  Most people who have heard about boom and bust cycles likely agree with me.

The problem is people always want something for nothing.  To work correctly capitalism would reward all stakeholders equitably with profit.  Equitable is not the same as equal but they are related.  Greed prevents equitable behavior.  The art of the deal, the art of the steal.  All socially sanctioned.  This results in exploitation that denies a fair share of profits to all.  Exploitation would not exist if equanimity were maintained, but then it would not be capitalism.  Correctly implemented capitalism evolves to socialism.  But not without taxing away lizard people.  Who unfortunately run the show.