Why do we focus solely on this one aspect of life?
Simpsons meme aside –
Those with currency can have significantly more options than those without it. I’m of a privileged state where if I wanted to drop everything and visit another country for two weeks, there’s nothing stopping me financially. Not many people have that luxury.
Your comment made me realize that OP wasn’t asking about why we need currency as a society, but why people keep trying to get more money.
I hate when the post title and post content ask two seemingly different questions, lol
Providing clarification is important…but to me, it seems prudent to just ask what one actually wants to know in the first place.
It’s a hard question to ask. I’d rather pin down why it’s essential then ask why it’s deemed the only thing that is essential.
it’s essential then ask why it’s deemed the only thing that is essential.
This is a very blanket statement and going to need a source here.
Lemmy supports editing posts, deleting posts and making new posts - if a question is obtuse the author can always take it down and post something more precise and less open to misinterpretation. Of it’s a language barrier issue I’m sympathetic but this just seems to have been a needlessly clickbaity title.
Makes it easier to buy food and pay for rent.
My landlord doesn’t want to barter for goods and services on a monthly basis.
Im being obtuse, for sure, but why does your land lord need to extract value from you? I know it’s to pay for the property but that’s just another exchange of currency.
You answered your question in the sentence right after your question. The landlord owns the property and so he can do what he wants with it. He’s letting you live there but has decided he wants something in exchange for letting you live there. If currency didn’t exist he’d want something else in exchange.
Making the assumption ownership is a valued currency of course.
Which is arguably a bootstrap-paradox; we need capital to participate in capitalism, for which we need - cause without capitalism what would we do with our capital.
Going back far enough, scarcity is the answer. We technically live in a post-scarcity world now. But we are bound by the models we developed when it existed.
I wouldn’t say we are completely post scarcity, but enough of the producers of goods create enough artificial scarcity in order to keep prices high and the train moving. Unfortunately, I don’t see the paradigm changing until we have a major altering event in which many people perish.
And we exist to extract value from agriculture. We’ve developed to a point where it’s both possible and desirable to live in close proximity to one another. It’s possible because ag is so successful and scalable, and it’s desirable because new opportunities are possible when everything is nearby. So that’s the trade off you made. To afford the city life, you accrue value through city opportunities and you trade it in exchange for the goods from service providers. The alternative is that you run your own farm. Ask yourself how many farmers you know! And you’ll see which decision most people make.
All to say, we shouldn’t think of value extraction as a uniformly bad practice. We all do it and we need to do it because each square acre of land doesn’t provide the same goods and services.
Can be exchanged for goods and services
Because it’s very difficult to get things you need to live solely through barter. Many trades are very niche, and an economy that uses money allows those trades to continue being viable parts of society.
Like, think of plumbing. If everything goes well, you don’t need a plumber. But when you do…you really need it. Now imagine being the plumber who wants some bread and eggs but the farmer has no problems currently that needs the plumber’s skills. Plumber can’t eat, leaves profession, there’s now no plumber when the pipes do break.
Obviously, the next thought here might be, “Well, why doesn’t the plumber say if they get eggs and bread now, they’ll come and fix your toilet later if needed?” But that sort of re-invents credit, right? “I’ll trade 3 future plumbing problems for 3 boxes of eggs now.” If you have that, why not money?
So basically, money is very useful. It can be traded for many things you otherwise wouldn’t be able to get if you were only able to offer as barter a specific item that might be rejected by the other person you want to barter with. Money is a “universal” trade good, and it’s also easy to store (you don’t have to have lots of physical room to store your Universal Trade Good).
The BEHAVIOR of people surrounding this very useful thing can absolutely be suspect, depending on the person (greedy sociopaths hoarding wealth)–but that’s a human thing, not because money is innately a bad thing. It’s a social problem, not a technology problem. You could totally have a greedy hoarder storing up a non-money trade item too…see people and toilet paper/sanitizer during Covid.
Here’s my take:
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We’re built for about 150 relationships max (Dunbar number), and yet we benefit from cooperation above that threshold. Rather than make it so we have to have a personal relationship with everyone who could possibly benefit us, we accepted a ramped down version of relationship we call “transactions”. This is a very weak replacement for a relationship, but it is a sort of “micro-relationship” in that for a brief moment two people who don’t know each other can kind of care about each other during an exchange. Through specialization, we can do something well that doesn’t just benefit the handful of friends and neighbors we have, but tens of thousands and possibly millions of people via transactions (e.g. a factory, starting an Amazon business, etc.)
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There is a process called “commensuration” in the social sciences, where people start to make one thing commensurate with another, even in wildly different domains. For example, to understand the value of a forest and to convey its importance to decision makers we might say “this forest is worth $100 billion”. It’s kind of weird to do this (how do leaves and trees and anthills and beetles equal imaginary humoney?) But slowly, over time, we have made many things commensurate to dollars at various scales. (I don’t think this is a good thing, but it does have benefits). In short, more and more things that were part of an implicit economy of relationships (e.g. can the neighbor girl babysit tonight?) have entered the explicit domain of the monetary economy (e.g. sittercity).
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IMO, in order to participate in the huge value generated by this monetary economy, people sometimes lose the forest for the trees (so to speak) and forget what really matters (e.g. excellence of character, deep relationships, new experiences, etc.) because it seems like we might be able to put off those things until “after” we square away this whole money thing first. But maybe “after” never comes–and the hollow life of a consumer capitalist drains the inner ecological diversity of a soulful life.
