Philosophy Now Forum

Crisis and Community
The chancellor is ‘borrowing’ vast amounts of money which has to be paid back. If this country were like a vast community or kibbutz, with minimal use of money, providing people with the goods they need in return for their work. How then would the chancellor borrow anything? Commerce would close down as need be, with essentials continuing. No doubt vast amounts of community work would need to be done by those otherwise out of employment. Buildings would be mothballed and maintained until again needed. if everyone were receiving a minimum wage for essentials the same would apply.

RWStanding wrote: ↑Wed Mar 03, 2021 8:34 am Crisis and Community
The chancellor is ‘borrowing’ vast amounts of money which has to be paid back.

When one only has to pay them self back, then REALLY does it matter how much they "borrow"?

Or, do 'you', human beings, really believe that when all the governments of the world "borrow money", then they are actually borrowing from some other entity, (other than the future ones)?

RWStanding wrote: ↑Wed Mar 03, 2021 8:34 am If this country were like a vast community or kibbutz, with minimal use of money, providing people with the goods they need in return for their work. How then would the chancellor borrow anything? Commerce would close down as need be, with essentials continuing. No doubt vast amounts of community work would need to be done by those otherwise out of employment. Buildings would be mothballed and maintained until again needed. if everyone were receiving a minimum wage for essentials the same would apply.