this post was submitted on 26 Jul 2023
860 points (96.4% liked)
Technology
59197 readers
2956 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
No entity on the planet has more money than our governments. It’d be more efficient for a government to fund this than any private company.
Many governments on the planet have less money than some big tech or oil companies. Obviously not those of large industrious nations, but most nations aren't large and industrious.
The government and efficiency don't go together
That's a lazy generalization.
Plenty of research shows that each dollar into government programs gets much more returns than private companies. This literally a neolib propaganda talking point.
There is nothing objectively wrong with your statement. However, we somehow always default to solving that issue by having some dragon hoard enough gold, and there is something objectively wrong with that.
Actually many bills are more of a fabric material now than an actual paper product. Many bills in Europe now are polymer based. Both of which add to the difficulty of counterfeiting
Actually most of the money are just 1‘s and 0‘s in a computer, coming into existence from nothing and vanishing into nothing. Fiat money backed by "trust". As Henry Ford once said:
It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.This comment is excellent. You now have ten trillion LemBux.