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Retrictoday at 5:15 PM3 repliesview on HN

No, Money, Votes, etc has value because the general public gives it value. All billionaires could be instantly broke if the general public decided they were broke. Votes are ultimately a method of control not an inherent power unto themselves.

Societies have gotten really good at convincing people they don’t have power so it’s rarely exercised but it’s always worth remembering the difference between abstraction and the underlying reality.


Replies

inigyoutoday at 5:17 PM

If I stop believing that money has value, men with guns will come to my house and force me out of it and change the locks.

If they stop believing money has value (so they wouldn't want to come to my house), men with guns will come to their house, force them out of it and change the locks.

This isn't a voluntary system, it's a forcibly imposed one.

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dd8601fntoday at 6:14 PM

Eh. The people exercise their power constantly. Only historically not in the ways some people (read as: me) would prefer.

ClumsyPilottoday at 5:30 PM

> value. All billionaires could be instantly broke if the general public decided they were broke.

Are we taking about abolishing the fiat currency system or bringing back the guillotines ?

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