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A comment on Every company should be owned by its employees. Parent comment

Re:Every company should be owned by its employees by hellojesus on Monday July 29, 2024 @10:34AM (#41100797)
The money in the system was created by the state, but all it does is ease exchange. Value in the system, which the money represents, was created long before the system created money and will continue to exist after the system ceases. The value is created by private individuals trading freely.

As an exercise, I invite you to trade without money: barter your goods or services with others. It's more work but completely doable. But remember the state is still expecting taxes on that transaction. And then ponder upon whether state-issued money is truly the source of private sector asset accumulation.

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Re:Every company should be owned by its employees by hgomersall on Wednesday July 31, 2024 @04:58AM (#41117475)
Money is and always has been a tool of the state in order to exercise power, backed by coercive taxation. The barter myth is contradicted by historical evidence. The broader point is that the money has value precisely because it is inside a system of coercive taxation.

The public sector produces plenty of wealth - security, public goods, law and order, environmental protections, public health measures...

Nobody is obliged to accumulate state pegged money, yet most people do. Feel free to accumulate cheese if you wish.

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