ON MONEY

The Wall Street Whale doesn’t just consume as any normal animal would by taking what it can whenever it can. The human system regulates the power of taking and basically all power is in the regulation and distribution of this power of taking. And this power is enforced and carried out in a technologically organised way through the invention of money.

Money is a purely human and anti-natural creation, hence the puritanical notion that it is “the root of all evil,” for it is “the devil’s work”. Ironically though, most religions are more than apt at accumulating this evil. And, evil or not, it is very difficult now to imagine any complex society without it. We could even regard money as one of the things that defines us. If societies are discovered in frozen wastelands, deep jungles or lonely islands that possess no currency, they are immediately labelled as primitive. A more accurate adjective would be simple, but even simplicity has taken on negative connotations in our chaos culture that thrives on the dynamics of complexity.

When a society is complex enough to need money it is on the road to human civilisation. The second step is a need to have somewhere safe to keep that money – add the complexity of banks. Then money starts creating more money. Money lenders provide loans that must be paid back with interest. Suddenly there is not enough to go around, more money needs to be printed. Complexity demands a civilisation with an economy that will establish the worth of money and how much can be circulated. At first an arithmetical approach to economic accounting is sufficient, later it becomes more complex but based on simple laws (like Newtonian physics). A relationship between money and gold reserves is fixed. The economy is as easy to understand as the law of gravity. Then Einstein comes along with his relativity and the economy must become relative as well. But even relativity is easy enough to grasp. There is also a constant element: the speed of light in physics; the gold standard in economics. But when the real excitement in physics became the unpredictability of quantum particle theory, the dynamic economy opened its eyes: the economy can be a chaos economy as well working on different planes of reality. If we want an unlimited amount of money, then so be it. And the gold standard was abolished in 1971: now you can print as much money as you think you need. We can go faster than the speed of light. The era of economic chaos is born.

The idea that money is an addiction is nothing new and we doubt that anyone would have any difficulty at all in grasping the concept of money is a drug. Nevertheless, despite the ubiquity of this vice there are no clinics dedicated to kicking that habit.

The problem of course is that the habit is ubiquitous and we are all infected, including those capable of making the diagnosis. So the question of understanding the problem is as difficult as the question of being itself. How can I say with any objectivity what I authentically am if what I authentically am consists of everything that I am, including all the words and ideas that those words comprise? And, so how can I kick the habit of what I am if what I am is the habit of what I am? How can we kick the habit of our dependency on money if our dependency on money is what we are?

Without a doubt society needs economy to be able to regulate its relationships between each other and organise its exchange of objects and needs, but, what if we are looking at economics the wrong way? What if it is wrong to consider economy as a science?

Science is an investigation of the physical world: physics, biology, geology, etc.. Economics is a man-made invention like art. This is a crucial distinction for we are living now in an economically-manipulated world in which technocrats create economic laws that are imposed as if they were the laws of physics. But the essence of technology is art – in fact the Greek origin of the term technology embraces the concept of both art and technology. It is man being creative and the product of that creativity. And yet if we applied the same controls to art and technology that we do to the economy we would kill almost all creativity in art. So, could it be that the scientific structure of economy is what is stagnating it?

But don’t misread us here: we are not eulogising the liberal capitalist free-market chaos that we have at the moment. Money is a drug and the economy is a pornographic version of what it should be. Porn, like heroin, tobacco and alcohol, can be bad, even lethal for the health when it becomes addictive and needs to be regulated. But what happens when the addiction is ubiquitous? What happens when the doctors and analysts treating the addicts are themselves addicted to the same drug? What does a total-addiction imply?

 

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One thought on “ON MONEY

  1. The whole issue of money is screwed up. In the old days transactions were done with gold and silver, but then someone had the bright idea to replace that with worthless metal and paper. The real valid commodity of exchange is a product/service for product/service, but then this middle man got in the way as “money”. Then money became traded as a commodity in its own right, thus the money merchants called bankers arose. The money merchants started gambling this money. Next, everyone invented fiction money, and gambled that. Next, debt, anti-money, became the new commodity to gamble. The world has gone nuts.

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