Re:Is everything falling apart?
by imtringued on Friday April 29, 2022 @04:06PM
(#31210035)
This reminds me of negative interest rates because they are inherently about giving up power, or rather, artificially raising interest rates from the negative range is about maintaining power.
Let's say there are sources of excess power like political corruption. You can gain a lot of power over a short period of time but you want that power to last long. You wouldn't want to be corrupt and become rich for 5 years, be voted out then be poor again, you want to be rich your entire life long after your political career has ended.
That excess power needs to be stored somehow. We use land and money to store this excess power. In my opinion, corruption wouldn't be as widespread if its impact didn't outlive the original act of corruption.
Let's say there are sources of excess power like political corruption. You can gain a lot of power over a short period of time but you want that power to last long. You wouldn't want to be corrupt and become rich for 5 years, be voted out then be poor again, you want to be rich your entire life long after your political career has ended.
That excess power needs to be stored somehow. We use land and money to store this excess power. In my opinion, corruption wouldn't be as widespread if its impact didn't outlive the original act of corruption.