Random musings of a random nature

So sitting up here in Townsville, Queensland, Australia.
I haven’t been here in around 14 years, a lot longer since I actually had a relaxed holiday (The D Generation were still on ABC backthen.)

Here I am with no broadband, and my wireless hotspot is simply my phone, I have a limited amount of data, and no games.

And you know what, it’s given me some time to think and muse about things with no distractions.

It’s so easy to get lost in gamer culture, games constantly being released, daily log in rewards or challenges, new dlc, ranking up and so on.
There’s no time to actually stop and think with things becoming based on reflex and repetition.

Yet here I am, no games, no real ability to log in, and the only challenge is getting back to basics.
Sadly with basic browsing it’s alarming to see how quickly I’m using data, and I’m not even watching funny cat videos.

However I get a chance at gaining and maintaining a form of clarity due to sitting back.

For example, capitalism. Much like communism, it works in theory.
Everything we do, everywhere we go, everything around us, all driven by capitalism, or rather in it’s current form, consumerism.
Products and services are created to consume, profit is derived, and the profit accumulates in the hands of the few.
Such a thing should naturally be cyclical, you earn, you accumulate, you spend, injecting the money back in to the economic ecosystem.

The problem is people are actively rewarded for accumulating wealth with interest. The more money they have sitting there, the more money gets added due to interest.
The interest has to come from somewhere, with a limited pool in circulation it has to come from other people, banks just can’t create it.
This is purely an incentive to store our money in a bank, granting them the capital with which they can offer loans.

At the same time, loans gather interest as a way so banks and such actively benefit, allowing them to add it to the piles of wealth they’re looking after.

The mechanism of interest itself is what I feel is driving society in a death spiral to the point that the accumulated wealth will gain enough mass to create singularities and the whole lot will just implode.

People will tell me I’m wrong, of course, we’ve all grown up with banks and interest, it’s simply the way things are.

And yet, we’ve seen economies crash, the mega-rich getting richer without having to do anything.

So I wonder, if banks as they are now, no longer existed, all currency was released in to circulation, would society improve due to one less greed-fueling mechanism, or would it get worse?

This is why in part I’m really excited by crypto-currency, there are no interest rates, only transaction fees (and then only if doing things such as converting from one currency to another).
The value is based purely on demand, there are limited amounts that can ever be in circulation, we’re in change of securing it, and the people involved are typically not dicks about it.

So, I’m willing to perform tricks for doge, like a good little shibe.

This has been yet another of my pointless posts, the first from tropical north Queensland.

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