tag:blogger.com,1999:blog-5312853715123370916.post5374401087536941101..comments2024-03-17T00:10:44.022+00:00Comments on From Arse To Elbow: Everybody Wants to Be a CatDavid Timoneyhttp://www.blogger.com/profile/03568348438980023320noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-5312853715123370916.post-37616180384628567722014-11-14T13:10:29.040+00:002014-11-14T13:10:29.040+00:00Sorry, i should have made my point more clearly. W...Sorry, i should have made my point more clearly. When I say we should be fast moving that is meant to imply we should but are not! But I also put not moneyless in parentheses to make the point that getting rid of hard cash for virtual doesn't mean you have got rid of money!<br /><br />Still, if we do move to a world where hard cash disappears I think this would be epoch defining and I do think the left should agitate around this issue.Herbie Causes Extinctionnoreply@blogger.comtag:blogger.com,1999:blog-5312853715123370916.post-56319428850479452772014-11-14T12:36:14.087+00:002014-11-14T12:36:14.087+00:00I'm afraid I can't share your optimisim ab...I'm afraid I can't share your optimisim about the move to a cashless world. That technological development simply entails the replacement of one medium (paper and coin) with another (bits and bytes). It does not require the data to be expanded beyond "narrow money" to include the "broad money" that constitutes the overwhelming bulk of wealth.David Timoneyhttps://www.blogger.com/profile/03568348438980023320noreply@blogger.comtag:blogger.com,1999:blog-5312853715123370916.post-84167566376726659082014-11-14T11:23:21.065+00:002014-11-14T11:23:21.065+00:00We should be fast moving to the 'cashless'...We should be fast moving to the 'cashless' (not moneyless!) society I think, which is an epoch changing development and provides the technological base not only for a register of wealth but the theoretical means to stop tax avoidance!<br /><br />But then comes the sting in the tale, tax avoidance is a deliberate policy, not only of the the rich but of the logic of capitalism. In order to deal with the inequality question you need democracy without capitalism, not democratic control of capitalism, this is an oxymoron.<br /><br />I think the theories of scientific socialism are still playing out, the inability of the bourgeois to control capitalism allied with technological advancements that challenge the market, these are playing out over a more protracted period than the originators of scientific socialism had in mind, which was their great mistake to my mind.<br /><br />But the answer is still the same, the victory of the proletariat over the bourgeois.<br /><br />Herbie Causes Extinctionnoreply@blogger.com