No it really does not, the reason for the monetary system today is the necessity of individuals and small groups to rely on products produced by other groups. The inability of local groups and individuals to localize their means of production. But with new innovations like 3D printing this is starting to change a lot. Competition becomes obsolete when needs are met in an open source way so even if competition was necessary at the start of an open source economic system it would go away once all the localized infrastructure producing all the needed goods and utilities got set up and needs were met unconditionally. I agree with you that the power centers of society have been largely dominated and this was not an Inevitable outcome under capitalism but there were people who ended up abusing this weakness of capitalism to try to dominate.Moretorque wrote: ↑August 15th, 2018, 7:15 amAron the thing you are missing and do not seem to understand to what point it matters is all of our power centers have been captured ( patent office ) and how did they do this ? by taking the competition out of the financial system so they control all purchasing in the economy. THAT IS HOW THE WORLD GOT HERE, if you are going to do a bottom up society you have to have a bottom up financial system which means competition.
Those bailouts are an example of competition producing the big winners, those who have won so much as to control the system. If those banks were gotten rid of it is not like the owners of the banks would not still be rich and use their money to take over another industry if they had to. As they already do all the time, people at the top of the ladder of the corporate world swap back and forth between different boards of directors or the government itself all the time. Even if you forcibly take away all the money of those rich people in the banks the structure of banks and the federal reserve in general is a scam.
Look at the bailouts in the trillions where these corrupt business were not allowed to fail, if we had competition we could get fresh blood into the system and purge the losers who just loot.....
Competition does not produce perfection it's all about cutting corners to defeat competitors regardless of if that hinders your product. Yes I agree that the system has become corrupt but this is showing a weakness in the system's structure compared to a Cooperative one. On the point of competition giving more choice, yes it is more choice compared to a Monopoly but it's a lot less compared to open source if lots of different designs can be produced without having to maintain market viability. You get to choose between a Ford or a Chevy but you do not get to choose a car with a far more efficient design that would not break down fast enough to maintain Cyclical Consumption of goods. And you definitely don't get to choose between using one of these oil dependent inefficient cars and some kind of ultra efficient Mag Rail public transit system available for free, since as you have said with the Rockefellers buying the railroads they want everyone stuck on buying gas over and over again.
Anybody who is not for free and open markets with private property rights and competition is for a corrupt ruling body and is basically dumb down and stupid. Why do you think as I stated they are adding toxins to everything ? because they want us dumb down and stupid so they can manage us with no competition.
If you have never been in business for yourself your input is very limited on understanding this. Competition is the road to perfection. THE CURRENT SYSTEM " FINANCIAL SYSTEM " IS TOTAL SOCIALISM for the accounting class. THEY PRIVATIZE THE PROFITS FOR THEMSELVES AND PUSH THE LOSSES and DEBTS ON ALL OF US AND CALL IT CAPITALISM.
Let me put all this another way, what would be a more ideal society to you than an open source bottom up one where needs are met unconditionally? What would you think if others tried to do this? If the technology isn't there to localize the means of production so a large scale medium of exchange is not necessary then it's not there but that doesn't mean that isn't what technology is tending towards over time. There are even 3D printers that print houses and electronics now, along with advanced indoor farming and drone delivery, the tendency here is for the possibility of local need satisfaction to increase more and more. In the meantime while we can't do this yet it's not like I think it's wrong to use monetary exchange or something like Bitcoin which gets around the issue of banks and the federal reserve. It might end up working to some extent and if it does that's good, but it's not an ideal state of society that should be strived for as the ultimate goal.
Unfortunately, I have not gotten around to viewing the documentary you referenced earlier yet and responding about that, but I will try to get to it soon.