I was going through some reports on Statista about the lending space in India and US, and two things surprised me: The total value of retail loans in India in 2022 was about USD 410 billion But.. The value of total consumer credit outstanding in USA as of 2022 was
Once you get how our income-based labor force really works (that high profits depend on low wages), you will finally see and understand all the reasons why a global system that can match people to jobs, resources to communities, and everyday needs and demands to local production, consumption, and recycling operations is more sustainable and ethical than monetary methods practiced today, mainly because scientific-socialism, compared to scientific-capitalism, is actually more democratic; it values and views this very basic, very intuitive belief “universal protections for all” as both a human and environmental right.
Once you get how our income-based labor force really works (that high profits depend on low wages), you will finally see and understand all the reasons why a global system that can match people to jobs, resources to communities, and everyday needs and demands to local production, consumption, and recycling operations is more sustainable and ethical than monetary methods practiced today, mainly because scientific-socialism, compared to scientific-capitalism, is actually more democratic; it values and views this very basic, very intuitive belief “universal protections for all” as both a human and environmental right.