The one ring to rule them all


The only truly successful meme of 21st century is that of 'Money'.

Successful because no other idea has been accepted with such unanimity as the idea of money. A paper with little value becomes fantastically valuable with a photo of Mahatma Gandhi. (or a fish or watch tower if you are from Norway.) And this transformation happens because humanity has collectively agreed to bestow imaginary value upon real substance. 

No other idea comes close to the level of acceptance that the idea of Money enjoys. More and more people identify themselves as atheists (so there goes religion). Not everyone believes in equality (the idea of caste refuses to die, The idea of class remains a reality. People are forever trying to find imaginary cues to set themselves favourably apart from the masses). The rise of ISIS and resurgence of Nazi sympathies tells us that idea of democracy and human rights are not as strong as we think they are.


Money is the one ring to rule them all. 
Ideas that serve the idea of money will prosper. Ideas that pose a threat to money, will be reduced to insignificance. Take the example of the idea of Human Rights. It will forever be an underdog: Little islands at the margins fighting the battle against bigger interests at the center. Ideas like these will never die (well, at least until humanity exists), but they will never assume center stage as well.

So what exactly is the idea of money? 
Essentially, it is a medium of transaction. From paper, plastic and now to bitcoins..  the concept is moving from material transaction to conceptual transaction. For the idea of money, a material person is not essential anymore. A virtual 'want' is enough.
Is it essentially convenience of transaction. Transaction between humans. So what does it mean for humanity? For it to be irrelevant materially, but relevant existentially in the age of virtual worlds?

Centrality of banks
No wonder, bankers are the highest paid mammals on the planet. They control the flow of money. They control the idea of money. And with globalisations and digitisation, banks are central to all human activity. Without them, the system as it currently stands, will fall down.

Power at the centre
The 0.1% of the human population controls the world. The one ring gives them all the power. To fight them, support alternate ideas of money.

An alternate Future is P2P
Bitcoins and other p2p mined virtual currencies operate outside the banking system. But how resilient is the idea of p2p transactions? The nascent system has had its share of troubles. But the idea seems to be inevitable.
If there is global centralised banking at the centre, then there must be P2P virtual money at the opposite pole. The future of money is bipolar. and we can't afford either of the systems to be too powerful.

The new science of economics
Economics as a subject to be studied is a fairly new idea. That tells you something crucial about money. This means that the momentum behind the idea of money is fairly new. With globalisation, money became important. Which means, it wasn't that important earlier. Which means, the idea of non money-centric life is not that far fetched. that there is a possibility of money to be reined in.

Comments

Popular posts from this blog

Fragile 2020

Existential ship of theseus

Jagged line of time