Editing Openai/69189184-ed58-8011-9515-d71168b70e9c (section)

=== ✅ 4. Could an automated ledger eliminate the exploitive parts? ===

Yes — and people have proposed versions for decades:

===== ✔ Mathematically Perfected Economy (MPE) =====

— Removes interest
— Automates issuance based on consumption of durable goods
— Ensures balance between money and remaining asset value

===== ✔ Sovereign credit systems =====

— Government or public utility issues credit directly

===== ✔ Direct digital credit facilities =====

— Algorithmic credit based on capacity, not banking capital

===== ✔ Mutual credit systems =====

— Local exchange where credit is created on demand

===== ✔ Smart-contract based obligation accounting =====

— Loans issued and repaid algorithmically
— No arbiters, no profit-takers

===== ✔ Central Bank Digital Currency (CBDC) possibilities =====

(not advocating — just noting capability)
— Could bypass commercial banks entirely

The key point:

: Every operational step of commercial banking can be automated because none of it depends on private capital at risk.