Comment on Gold
Dryad@lemmy.world 2 months ago
No, that would make a few people incomprehensible wealthy while everyone else starved.
Any way you slice it gold would be less-valuable.
Asteroid mining is good for resource gathering, not accumulation of wealth. And even then it’s much more useful for resource gathering for use in space than on Earth. If you can launch once, then mine, process, and use the resources without having to do more launches and landings it’s much more efficient. Then you’d start manufacturing in space to further reduce the amount of required launches.
It all depends on property rights and ownership. If few people hoard and control all of the resources and means of production that make the resources like gold valuable, they will continue to profit. Everyone else’s standard of living will continue to plummet in their efforts to control more markets (through wars, embargoes, trade agreements, etc.) and squeeze out the greatest amount of profits from everything and everyone.
Until property relations change, the property-less (and I don’t mean a single family homes….i mean machines and resources that create wealth) will continue to struggle to greater and greater degrees across the world.
modus@lemmy.world 2 months ago
That’s where we currently stand.