Here’s a thought experiment:
Money is not power, debt is power.
In days of olde, you acquired metal of value (gold or silver for example) and you’d store this in a bank and allow people to see it, and when you wanted something from them, you would write them a note that said if they did this thing for you, you’d pay them in gold.
These notes become promissory notes and that become money. And so long as you had gold and silver in the bank you could write notes to the value of the metal you had.
Then banks wanted to start to offer more money than they had gold, so the rules were changed to say that if you had gold, you could offer money to the value of several times the gold you had. Because no one actually wanted the gold, they wanted the power of the money.
And then people started borrowing money from the banks, and the banks started to literally create money at a rate of several times the amount they were lending. Most money is not paper and coins, it’s a reference in a ledger that someone was loaned a specific value, and based on this entry in a ledger they can buy other stuff.
And then the rules changed again, and the banks were allowed to create money at many many times the amount that they lent.
And so, for banks to create more money, all they have to do was lend out even more money.
And somewhere along the way the actual relationship with metal was pushed aside.
Today the more you lend, then the more money you can create. And so long as people can pay back the monthly payments everything’s good.
But when you lend more and more, people have to borrow more and more, and so to make the monthly payments achievable the term lengths for loans are getting longer.
You can now borrow more, over longer periods, and in exchange the banks can print even more money, which they must be able to loan out to be able to grow. Lending and borrowing is the source of the money. Debt is therefore the ultimate power.
If things stop growing, that would be a huge issue, because then the whole house of cards would collapse.
WE MUST CONTINUALLY LEND AND BORROW MORE AND MORE!!!
But the resources of the earth are quickly being consumed, oil and coal are being burnt at unpresented rates, causing global warming that is effectively shrinking the useable land mass. We need people to continually borrow more and more.
We must find new ways to get people to spend, loan and borrow.
If we can build cities on the moon and mars, mine asteroids, and built starships the gravy train of civilization can roll along. There is a whole universe of stuff out there to create reasons to create money.
If people’s ability to borrow money was to stop, then literally the basis of western civilization collapses.
It’s funny to think that the future of humanity as a space faring species is being driven by the desires of scared, egotistical, savants to keep their wealth, but hey whatever works!