There is a fundamental paradox in our money system that I regularly feel compelled to point out: Money currently serves two opposing functions: a medium of exchange versus a store of value. The more it is used for one purpose, the less is available for the other.
Colin's article puts a novel perspective on this in the concept of money-as-relationship. When money is used as a store of value, its essence is exclusionary -- 'mine and not yours' or 'my profit at your expense'.
In contrast, when used as a medium of exchange, money facilitates a transaction between parties, an exchange of value -- that is, a relationship.
In view of the abundance, knowledge, and technology available today, there is little need to store excessive value -- especially to the extremes we currently see. At this stage in the evolution of society, were our resources more intelligently and compassionately managed, everyone could enjoy a life of comfort, security, opportunity, and the ability to contribute back to the world in which we all live.
On Nov 26, 2020 Bill Miller wrote: