You make a good point. I guess my counter-point is that fiat makes it easier for the bad actors to manipulate the system to their advantage. Also it enables inflation - which is (quite literally) a killer.

Microsoft could always take out a $20 billion loan of gold backed currency, and if they can't - well then maybe avoiding that sort of debt is a good thing. Current debt levels are going to sink our economies.

Sadly you have a good point about people fighting to grab what they need. We are still rather vicious and primitive beast by nature. This is partly why blockchains are so great - the transparency of transactions and the difficulty in generating endless funds ensures some sort of accountability - even for bad actors.