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The Subjectivity Of Value And The Death Of Monetarism

Thursday, November 17, 2016 19:19
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The Earth Custodians Movement is both, an ambitious and humbling project at once. It is dedicated to jump start a movement focusing on the awareness that Humanity and Nature have to be protected by seeking the termination of their monetization. Greed is a mere symptom that many see as a sole and easy explanation, while the core issue is profiting from Earth giving away unconditionally and free of charge. When such an immutable nurturing principle is regarded and treated as a market share, its exploitation becomes inevitable and eventually turns into a pillage causing environmental destruction and human suffering to increase exponentially. The Earth Custodians fundraiser intends to reach out to people who have begun to seek answers or realize the impasse we are faced with – or are already in the know. Pointing at the collusion between culprits has had little to no effect at all because Earth’s immutable laws only recognize self-responsibility.

What Monetarism will never be able to fix:

There is out there, an interest-free monetary theory using precious metals that seems a lot more preferable over fiat currencies but the real problem, un-fixable by man, is the subjectivity of value. Regardless of the currency use’ fiat or hard, who or what does determine value? The creator of a concept selling the latter to a manufacturer or the success of a particular item on the market regulated by demand and supply? Sound monetary theories want us to believe dynamics within a free-market even out and but the fact that an investor will always be on the look out for cheaper investments and more profits margins, arguing from a value standpoint appears rather moot, if not completely fruitless, especially when the machines’ takeover is already happening right before our very eyes. When free markets speak of the flexibility of value regulated by demand and supply, a fancy terminology, they really do mean and refer to subjectivity. As a matter of fact even street cops will be eventually replaced with robots, each costing the system 6 dollars or so per hour. So what is the actual value of a police officer as we speak? Here is another example: it is a certainty that anybody refusing to buy an (expensive) driverless car will see his insurance premiums skyrocket as soon as the latter become safe enough. Such paradoxical sense of value cannot be resolved with monetarism. Moreover, who will be able to afford such a vehicle when jobs are getting scarce?

The real estate market, going through the roof in many parts of the industrialized world, offers the striking evidence that value is purely subjective, even despite the 2008 market crash. Not only because many could easily obtain a mortgage but the sale pitch comparing home ownership with a human right that any hard working individual is entitled to. The demand just followed that mantra and the unprecedented boom occurred – and still is ongoing. Until the mid 1900’s parent could still hope that their children would manage to keep a family estate, but today it is no longer the case. This because existential values have changed and that booming markets distort the perception of value. However, going back to the pre-industrialization era is impossible because time is a device ever changing the sense of value. Moreover, when monetarism is involved, what doesn’t progress does regress and this means that if not competing continually, one stands to be outpaced by others and lose everything at some point. And this is another side effect of using money as a time device. Although retirement is beginning to sound elusive, having a 401k or an IRA is too a form of competition. Although money could have a positive impact if circulating continually, the mentality of hoarding and accumulating wealth makes it impossible. Hundreds years or so ago, the German economist Silvio Gesell (1862-1930) had understood this problem pretty well and drafted a monetary theory imposing negative interest rates on any currency that wasn’t spent after a certain time. Of course, his theory never encountered any major success at all because penalizing ‘dormant money’ seems outrageous. But on the other hand, banking loans are so readily available to overspend that interest repayments steadily slow down the pace of world economy.


Maya in Sanskrit means the Illusion

Monetarism twists everybody’s mind

It sounds as if money helps give many a life purpose, for those people a moneyless world is regarded as an absolute threat. Realistically, monetarism has conditioned populaces for much too long and this paradigm begins to shows deep cracks throughout the system, mainly because the pursuit of technology cheapens the means of production and therefore the elusive investment in human energy. At some point, machines will build machines, and if we do not have the right mindset and social frameworks, and it may not – will not – end well.

The Earth Custodians Movement hasn’t any transhumanist – nor posthumanist – affiliation at all. It is designed for and by individuals wishing to remain humans (not A.I nor extremely augmented, accepting death as a life cycle) but also foreseeing the need for new ethical guidelines addressing these trends.




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