You are mixing up having a monetary system and having a capitalist system, and I don't see how it relates to the topic.
You also said that capitalism is bad at measuring off balance sheet value creation, and then say a fundamental trend of capitalism is to take off balance value and make it explicit. Which is it and why do you think it's a problem?
Why does it matter if capitalism doesn't put a price on a mother raising her own child? You seem to imply that a better economic system should put a price on this activity. Why? Should someone be paying a parent or raising their own child, and who?
One aspect of capitalism is that an individuals get to choose what they value and pay for it. Why should I pay mother to raise her child without choice?
If for some reason I found value in her raising her child or mine, there is nothing in a capitalist system that stops me from setting up price and paying them to do it
You also said that capitalism is bad at measuring off balance sheet value creation, and then say a fundamental trend of capitalism is to take off balance value and make it explicit. Which is it and why do you think it's a problem?
Why does it matter if capitalism doesn't put a price on a mother raising her own child? You seem to imply that a better economic system should put a price on this activity. Why? Should someone be paying a parent or raising their own child, and who?
One aspect of capitalism is that an individuals get to choose what they value and pay for it. Why should I pay mother to raise her child without choice?
If for some reason I found value in her raising her child or mine, there is nothing in a capitalist system that stops me from setting up price and paying them to do it