Modern economics and bacteria operate on the same infinite growth formula.

The advantage of multicellular organisms is being able to sense and navigate their surroundings.

To the extent societies operate as super organisms, they evolve systems of governance as the nervous system, executive and regulatory.

Along with mediums of exchange and circulation systems to sustain over-all equilibrium and channel resources where most effective. Aka, money and banking.

We have evolved enough to understand that as the function of government is the wellbeing of the entire social organism, not just the accumulation of power by those at the top, that it has to function as a public utility.

We have yet to understand the same principle applies to banking. Banks are consequently having their, "Let them eat cake." moment.

When the medium enabling markets is privately managed, they are not free, as we are all tenant farmers to the banks.

As linear, goal oriented creatures in this cyclical, circular, reciprocal, feedback generated reality, people see money as signal to save and store, while markets need it to circulate. Consequently Econ 101 refers to it as both medium of exchange and store of value.

These are not synonymous. In your body, blood is the medium, fat is the store. Mix them up and you are dead.

Roads are a medium, parking lots are a store. If we treated roads like we treat money, everything would be paved over, but we would still be fighting over the lots.

As a medium, you own money like you own the section of road you are on, or the air and water flowing through your body.

Money functions as a social contract, but we treat it as a commodity to accumulate.

Storing the asset side of the ledger requires a debt on the other side.

Given the one thing the flunkies allowed in office are really good at, is running up debt, it would seem the secret sauce of capitalism is public debt backing private wealth.

Russia and China have effectively gone back to private forms of government, with Putin and Xi as CEO's. Specifically to try to control their oligarchs.

Which is why our oligarchs and their swarms of flying monkeys hate them so much.