We are upset with hoarding money
Our culture's fundamental disconnect from reality stems from the flawed premise of treating money as a private commodity to hoard instead of a public utility to facilitate the equitable circulation of
Our culture is fundamentally disconnected from reality and it's because we've gotten the basics completely twisted when it comes to money. We've been treating it like a private commodity to hoard and stockpile as personal wealth instead of what it's actually meant for - acting as a public utility to facilitate the flow of goods, services and resources throughout the economy.
Money is supposed to serve as the medium enabling that circulation and exchange of value, not some asset you stuff under your mattress like it's your own personal little fort of safety and security. But for some inexplicable, batshit crazy reason, we've fully bought into this delusional belief that money can seamlessly serve as both the circulating medium of exchange and the stored private asset simultaneously without causing any contradictions or issues. It's financial doublethink on a psychiatric level.
That's precisely why everything is so jammed up, dysfunctional and spiraling out of control across our markets, institutions and society at large. We've thoroughly corrupted and perverted money's core purpose as a means of maintaining a balanced, equitable flow of economic activity by allowing and encouraging it to become obstructed and stagnated into privatized reservoirs that slowly leech value out of the whole system like parasitic tumors hoarding resources solely for themselves.
Is it any wonder we careen from one bubbling crisis to the next bursting bust? The widening inequalities, austerity death spirals, pension funding crises, debt zeppelins crashing down - it's all stemming from this exact same systematic breakdown in the economic circulation. We've flat out violated the fundamental natural laws and dynamics governing how a healthy monetary ecosystem is supposed to operate in a sustainable way.
Instead of money constantly cycling and keeping the real productive economic engine whirring, we've created an extractive looting scheme that just concentrates more and more sludge in clogged reservoirs of rent-seeking dead asset growth at the expense of letting the lifeblood flow through and oxygenate the whole body. No wonder it's all sclerotic stagnation steadily compounding and metastasizing into bigger blockages and seizing up.
None of the issues bedeviling our financial system and economy are getting resolved because we've perverted the very conceptual premises required for a balanced, self-regulating framework. It'd be like expecting a decent cardiovascular system from chugging bacon grease instead of cycling bloodflow to facilitate metabolic distribution.
Until we finally realign our economic models and frameworks to strictly respect the distinction between money functioning as a circulating medium to fluidly transfer value versus securitized asset stores meant to retain stockpiled resources in a stabilized state, these deepening contradictions will just keep destabilizing civilization with no clear exit ramp.
Money has to go back to being a pure public utility for accounting credits and debits across the economy's transactional ledgers, not this incoherent hybrid of presumed intrinsic commodity value crossed with symbolic monetary voucher that inherently incentivizes obstructing and privatizing the flows for narrow self-interest. It's a financial mind-virus rewarding categorical disregard for the system's core openness and equilibrium.
Otherwise we're all just going to keep kicking the canDown a progressively bumpier road of dysfunctional patching over new issues with more of the same structurally-incoherent patchwork responses that fail to resolve the root contradictions densifying at the very conceptual core of the economic paradigm.
Wake up, people - our entire financial framework is terminally riddled with this basic category error baked into the prime premises about what money is and how it functions. We're living inside an economic Matrix proliferating backwards, upside-down bullshit because we can't seem to execute basic quality control over the core codebases and assumptions hardwired into our collective operating systems.
It's time for a serious reflexive re-assessment and hard reboot of these dysfunctional economic dynamics before they completely max out in a systematic lock-up that then force-installs an unplanned paradigm shift through sheer catastrophic necessity. At this point, it's a case of putting in the work to lucidly repair and upgrade our core money circuits, or having a brutal external crash overwrite them by default during total system failure.
We've prima facia violated the basic laws of circulation by tangling up utility media never meant to be stores of value. Like trying to inhale and exhale through the same hole at the same time - the whole system is just going to choke and asphyxiate itself into a fatally compounding mess. Hard truths, but there's still a window to re-integrate these realities into regaining socioeconomic coherence if we choose to make that conceptual U-turn while we still can.
Well said. Really great article! 🌞🙏
You can understand the enthusiasm for DEFI and other Web 3.0 architectures as a way to unblock flow in our economic system.
It is more of a movement than a technology in many ways. Maybe better architectures will come along without so many issues.
I do not think this movement is so much about the specific technologies as it is the opportunity and the need you so elegantly describe. Blockchain and other technologies are helping people gather together and work in new ways, in ways that are more organic.
The fraud is actually not surprising with an opportunity like this large and transformative.
There are also so many other blocks, as many of our intersecting systems have been blocking the changes you describe we need.
However, things may be starting to change. Your timing of writing this article is excellent. Cheers to you! 😊