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Seems like it's getting pretty tribal on both sides.

The difference between a market based economy and capitalism is that markets are cyclical and circular, while people are linear and goal oriented, so markets need money to circulate, while people see it as the signal to extract and store. Since money largely functions as a contract, with the asset backed by a debt, our national obession of accumulating money requires a debt based economy to back it.

Wall St couldn't function without the government siphoning up trillions in surplus investment money, or all those collateralized debt obligations, ie, everything from mortgages to student loans.

That's why the financial sector has gone from less that ten percent of the economy, to over forty percent.

Money and banking are analogous to blood and the circualtion system. The mechanism circulating value around society, but which when unregulated, becomes a siphon to draw value out.

Government, as executive and regulatory function, is analogous to the central nervous system. It was private once, but as monarchies lost sight of their larger function, it became a form of public utility. Banking is now having its own, "Let them eat cake." moment.

What's a few hundred, or even a few thousand years, when it comes to evolution?

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John Brodix Merryman Jr.
John Brodix Merryman Jr.

Written by John Brodix Merryman Jr.

Having an affair with life. It's complicated.

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