I think that this is a natural consequence of organizing your economy around "Capital" instead of people.
A fascinating alternative has been proposed by Yanis Varoufakis in which financial markets are eliminated, but labor and commodity markets remain: i.e. you can only own a single (variable value, single vote) share in 1 company at a time (usually a company you own are employed at); that share is tied to you as a person like a library card (you can't give it to someone else). Essentially all enterprises become cooperatively owned by the people who WORK for the enterprise. People have accounts with the Central Bank of their nation, etc...
This stuff is pretty straightforward to do since banking is almost entirely automatable now.
But that's far too egalitarian to catch on with the current state of affairs. :-)
A fascinating alternative has been proposed by Yanis Varoufakis in which financial markets are eliminated, but labor and commodity markets remain: i.e. you can only own a single (variable value, single vote) share in 1 company at a time (usually a company you own are employed at); that share is tied to you as a person like a library card (you can't give it to someone else). Essentially all enterprises become cooperatively owned by the people who WORK for the enterprise. People have accounts with the Central Bank of their nation, etc... This stuff is pretty straightforward to do since banking is almost entirely automatable now.
But that's far too egalitarian to catch on with the current state of affairs. :-)