this post was submitted on 15 Oct 2023
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Anarchism
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In my point of view, Money itself is of political value.
The thing with the "store of value" is that it stands on the shoulders of libertarian thinkers or political economy. Even Marxist couldn't escape that paradigm.
The mere concept of money as a store of value have no theoretical validity. Money doesn't produce things, but things are commodified and available for money. Medicine, real estate, weapons, soldiers, whatever. Economy as a field exists into this paradigm which is flawed. Economy as we know it today, is subordinated to politics.
There is a case to be made in Economy in terms of industry development, but most of the time that's not what economist are talking about when we cover the topic (Check out Thorstein Veblen, or the Capital as Power works). It's all about the finance. Crypto is fake money and money is fake. There is no "store of value" in the sense that you are talking about my friend.
I want to invite you to check out those works.