Monopoly shows us quite bluntly how it really works!
The principle is very easy – those who do not get enough good streets have lost the game from the beginning.
Why the whole life is a single Monopoly game, the unconditional basic income will come and you should own real value assets (e.g. real estates).
Who does not know the legendary Monopoly board game by Elizabeth Magie and Charles Darrow? We are sure, you actually see the game in front of your inner eye, with its streets and train stations.
You know the exhilaration, when you have bought one of the most expensive streets and unfortunately another player is still in jail…
But where is the relationship between the game and the real economical life? Very easily! The game is more realistic than you might have thought before.
Let´s start with a small economic thought game:
In the economy, households and businesses are combined and presented as follows:
On the one hand we have the aggregate of companies and on the other the aggregate of households. Both have an exchange relationship with each other. The microeconomy even goes so far as to say that everything the companies spend (wages, leases, rents, etc.) is the household income. On the other hand, these are the household revenues and they spend the money again - on the companies.
This model is intended to show that household spending, is the company's revenue. Thus, the expenditures of the companies are the revenues of the households. So far so good…
But let's talk about a concrete case:
Households (let's say 10 households) receive € 100 for their work, land and capital from companies. That means they have a total revenue of € 1,000.
The companies now have once costs of € 1,000, which flow into their calculation. But the company not only wants to have the money for wages, leases etc. from their customers, but also a profit. If we say that here € 100 profit should be counted on it, we have € 1,100, which the companies want for their products (VAT is not included for the sake of simplicity).
Households usually save around 8% of their income. Let's just go from 10%, because it can be calculated so nicely. This means that households would spend a maximum of € 900 on their € 1,000 that they receive.
And we already see the problem: This bill just does not work! It now simply lacks away € 200, the companies would have to take more, so they can pay out in the next round again € 1,000 to the households and the "game starts over".
In concrete terms, this means that companies do not give their employees the purchasing power, needed to make the cycle work.
So where does the money come from? You may already suspect it and quite right, the households, which indeed need the products, get the money from the banks. Thus, some of the 10 households not only "can not save", but they are in debt to the banks. In every round. Karl Marx and others have already mentioned this in various atonement theories. As Karl Marx has pointed out in a nice subordinate clause, capitalism consciously accepts that parts of society will become impoverished.
And that's exactly what you've probably experienced in the Monopoly game:
You know the joy of being able to buy streets and train stations at first, and happily investing the money in anticipation of optimism.
You may so know the point where optimism gives way and reality shows you that the game is already lost. The point has come just at the moment when all possessions are distributed and we realize that we have too few to possibly even through trade to get some good streets or good sources of revenue.
What do you think? How long can you play the Monopoly game in one go? The record is at 70 days. We also played the game over an entire week. But what makes such a long game interesting? If you e.g. are the player with the most and best streets then you want to keep this game as long as possible. But if you are the one who "always pays" and hardly gets anything, then you would rather quit or start over.
So what do you do in such a case to keep the demotivated players in the game? It´s easy. You give them the prospect that when they come back to start, they get more money than the game rules say. So people need more money to keep the game going.
Exactly this consideration is the same consideration, that has already been discussed with the "unconditional basic income" in various countries of this earth and has sometimes already been voted (for example in Switzerland). If you think back to our economic model from above, it's certainly just plain clear that the unconditional basic income will one day come for the monopoly of our lives to continue.
So what is our only chance that we are on the winning side in the game of our lives? You already know it for sure. In the course of your life, try to acquire real assets such as real estate, precious metals, precious stones, as well as antiques or vintage cars. These values can not be increased in any way, and there are always people who value such assets more than you once did. From this range or the knowledge about it, you can capitalize.
This is too complicated for you to deal with in kind or you only have smaller amounts of money? No problem! That's what we have. Exactly what we have described here we do. We invest in lucrative assets and everyone can join in and participate.
Your team from its-my.money
And now a round of Monopoly...