Reddit Reddit reviews Rethinking Money: How New Currencies Turn Scarcity into Prosperity

We found 4 Reddit comments about Rethinking Money: How New Currencies Turn Scarcity into Prosperity. Here are the top ones, ranked by their Reddit score.

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Rethinking Money: How New Currencies Turn Scarcity into Prosperity
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4 Reddit comments about Rethinking Money: How New Currencies Turn Scarcity into Prosperity:

u/skytomorrownow · 8 pointsr/philosophy

>part of [the reason for the abolition of money] is the removal of objectifying relations between people

Objectification is generally defined as something which treats a person as a thing. I haven't seen it refer to treating a relationship between persons as a thing. I assume you mean to highlight money's role in enabling objectification. While money does objectify some concepts, for example time, it does not objectify people. It can be utilized as an enabling technology which allows some humans to objectify others, but money is not doing the objectification. One could consider money a 'unit of objectification' if you will.

Martha Nussbaum (1995, 257) has identified seven features that are involved in the idea of treating a person as an object:

  • instrumentality: the treatment of a person as a tool for the objectifier's purposes;
  • denial of autonomy: the treatment of a person as lacking in autonomy and self-determination;
  • inertness: the treatment of a person as lacking in agency, and perhaps also in activity;
  • fungibility: the treatment of a person as interchangeable with other objects;
  • violability: the treatment of a person as lacking in boundary-integrity;
  • ownership: the treatment of a person as something that is owned by another (can be bought or sold);
  • denial of subjectivity: the treatment of a person as something whose experiences and feelings (if any) need not be taken into account.

    All of these features of objectification can be accomplished with or without money. When we consider money in and of itself to be the issue, we err, because money is a consequence of scaling up post-agricultural human societies, not the other way around. For example, slavery, which certainly most of us would agree is objectification, or requires objectification, is found in non-hunter-gatherer (agrarian) cultures where there is no money. Interestingly, hunter-gather societies rarely take slaves. Some semi-agrarian cultures, such as some Native American cultures, or tribes such as the Yanomamo feature violence and slavery, all without money. So, I conclude that it is post-hunter-gatherer human culture which creates objectification, as objectification so far has been a key element to scaling up human groups. We can certainly become more mature, aware, and sophisticated in our understanding of the deleterious effects which come with objectification, but it is not necessary to eliminate money in the process. I do think money could use some more thought though. And I have hope that some of the deleterious effects of money can be remediated by a more sophisticated approach to money as examined in Rethinking Money by Lietaer, and Dunne.

    Related articles:

    http://www.psychologytoday.com/blog/freedom-learn/201105/how-hunter-gatherers-maintained-their-egalitarian-ways

    http://www.slideshare.net/PaulVMcDowell/reverse-dominance-hierarchies

    http://measureofdoubt.com/2011/10/20/what-is-objectification-and-whats-wrong-with-it/

    http://lesswrong.com/lw/4vj/a_rationalists_account_of_objectification/

    edit: grammar, spelling
u/ItsAConspiracy · 2 pointsr/ethereum

Time based currencies aren't anything new. There have been a bunch of local currencies on that basis, many of them pretty successful.The book Rethinking Money talks about them. Ithica Hours was the first in the U.S.

Doing it on a blockchain is new, as far as I know. Seems like an interesting experiment.

u/001Guy001 · 1 pointr/suggestmeabook

Don't know if it's exactly what you want but you can check out Bernard Lietaer & Jacqui Dunne - Rethinking Money

(Bernard worked at a central bank and in trading funds and he explains along with Jacqui how money is created/works/etc.)

u/pineapplepaul · 1 pointr/ethereum

More currencies is a good thing on net. Not all currencies have to become reserve currencies of the world. They could be useful just to a small group of people, maybe even just a neighborhood. I suggest you check out this book. It really opened my mind to how new and accessible currencies could really improve the lives of many, many people.

Rethinking Money https://www.amazon.com/Rethinking-Money-Currencies-Scarcity-Prosperity/dp/1609942965