does the global monotary wealth truly represents labour and services?

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  • Zirp
    Lv 7
    8 months ago

    No, money does not represent work. It's not like we all have to work equally hard or long for a dollar.

    Money is created out of thin air by banks, in the form of credit. Without getting deeper in debt all the time, our economies would shrink

  • Foofa
    Lv 7
    8 months ago

    Increasingly global wealth is derived from the "information economy". But as it takes the labor of software engineers and coders and the services of tech firms to make that happen, sure.

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