1: The truth is that money makes the world go ’round.
2: Money motivates people.
3:Without it economic activity would slow down to a halt. And that would not be good for our standard of living.
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1: False, energy makes the world go round, literally.
Money, monetary interactions and it’s study(economics) is a set of rules, ‘incentives’ and information for people to follow – which “make the world go round”
2: The freedom(goods, services and survival needs) that money attains motivate people. As far as innovation, well, no – that has been looked at in scientific studies ad nauseum
3:The need for economic activity which essentially means that enough money needs to flow around so the whole system does not seize up is necessity of this system. True. It’s also one of the major flaws of the system. Where people are “encouraged” to behave a certain way to serve the needs of the system.
On the consumer side it manifests in anxiety driven pathological consumerism driven by propaganda, er, advertising. Debt addiction and a host of other psychological ills.
On the natural resources side, it means the system requires exponentially increases amounts of natural resource extraction and that is impossible. We are starting to bump up to planetary limitations(limits to growth) now.
