[p2p-research] Fwd: Re: excellent contribution on flow moneybyMartienvanSteenbergen

[Dmytri Kleiner]

On Mon, 1 Jun 2009, Michel Bauwens wrote:

> Hi Dmytri,
> 
> This is something I have sometimes trouble explaining.
> 
> When we say that these new types of money increase supply, the standard reply is: well,
> but we already have too much of it, so which problem does that solve. Part of the answer
> is that it would go to the right people who need it, rather than being hoarded by
> speculators.
> 
> Do you have any other arguments?


Hi Michel, as you know my own arguments are based on modes of
production, I see money as being a secondary consideration.

However, you seem to be on the right track above, the issue is not so
much supply, but access. There may be plenty of supply, however it is
very concentrated and therefore unavailable when and where is needed.
Meaning that possesion of money allows you to capture value, since
merely possessing money is not a contribution to production, value
captured by money must be theft. "Neutral" money would not 
capure value.

Cheers.


-- 
Dmytri Kleiner
editing text files since 1981

http://www.telekommunisten.net