Comments by "Michael Mappin" (@michaelmappin1830) on "Where Does the Federal Reserve’s Money Come From? (w/ Richard Wolff)" video.

Capitalism is not sustainable. Under capitalism workers do not get paid the full value of their labour. Therefore, they're producing more goods and services than they can actually afford to buy. If consumption is not maintained, all those jobs connected to those goods and services will be lost. So how do you maintain purchasing power and equilibrium in that environment? Fractional Reserve banking.
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@gluttonousmachina2961 , hello from Canada! Sounds interesting working in automated Greenhouse. What do you grow? Tomatoes, carrots? I wish I had a garden. I miss vegetable that actually have flavour! I was just trying to point out that employees that work for capitalist companies don't get paid anywhere near the full value of their labour. But if the workers actually own the company the money flows to them rather than capitalist owners and shareholders.
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You can't have capitalism without it. Try playing the Monopoly board game sometime where no one can collect $200 every time they pass go. See what happens
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@kasnarfburns210 , every country has a central bank. All banks engage in fractional Reserve banking, not just the Fed. Capitalism makes this necessary.
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