I love your counter-parable. It does an awesome job of showing what massively complicated thing we are discussing. Land, money, consumables, exponentionables(your seeds), all have very different characteristics and drivers. Interest, investment, production, savings all are slightly different ways of talking about some of the same concepts.
I'm trying to get to the bottom of this statement and am having some issues:
The role of money is to make such long chains implicit; a positive real interest rate reflects that such chains are possible for most goods, and any exceptions will increase in price faster than interest accumulates.
Could you unpack it some more?
You can correct me where I'm wrong, but I think what you are getting at is that the current abstraction of money and the idea of interest paid for borrowing it is optimal enough to reward the people that put up the cash for the value that it creates? And if a good isn't one of those exponential type things, the price just keeps going up faster than the interest rate because of its implicit limitedness?
Do you think RC would be more willing to make the more productive choice if he could benefit from all of the upside that lending the seeds produces or only the amount that is agreed upon? I think what I'm trying to get at with hypercapitalism is that we want RC to seek out the best use today instead of the best use tomorrow because if he waits until tomorrow all the work that could have happened to day can never be redone.
You can't plant a pie and grow two pies, and in fact it will go bad quickly, but you might be able to trade the pie for seeds, grow them, and reap enough to trade for two pies. If no one with seeds wants a pie, you might have to make a chain of trades, e.g.trade the pie to the cobbler for shoes and trade the shoes for seeds.
Even if you don't want to grow seeds yourself, you might trade the pie for farm tools, then trade those to the farmer in exchange for seeds at harvest, then trade the seeds for more pies.
Now it's not guaranteed that these sets of trades...
I posted a stupid question a couple of weeks ago and got some good feedback.
@ChristianKl suggested that I start building a model of hypercapitalism for people to play with. I have the first one ready! It isn't quite to the point where people can start submitting bots to play in the economy, but I think it shows that the idea is worth more thought.
Analysis:
http://www.hypercapital.info/news/2015/4/19/a-published-model-of-hypercapitalism
Runnable Code - fork it and mess around with it:
http://runnable.com/VTBkszswv6lIdEFR/hypercapitalism-sample-economy-for-node-js-and-hello-world
I'd love some more feedback and opinions.
A couple of other things for context:
hypercapital.info - all about hypercapitalism
Overcoming bias about our money
Information Theory and the Economy