Saturday, May 24, 2014

Michael Tellinger - UBUNTU A World Without Money

What we in America call "MONEY" is actually a set of tools: a medium of exchange that makes trade efficient (i.e. currency), a store of value that saves the wealth generated by our work over time (i.e. savings), a measure of debt based upon the credit or potential value of future work (i.e. debt/credit), and probably a few other tools depending upon which currency of which nation you are trading upon. Redistributing the power to create these tools to the people, either individually or in small groups is a good idea to democratize control, but we already have a system for that, it's called the stock market. Every corporation, weather owned by one person or a million, can print and trade in stock, which is nothing less than printing it's own money. The value of that money depends directly upon the productivity of the business and the value it creates. The owners of that stock benefit directly. 

He seems to blame the tool, instead of the concept of ownership of natural resources and the artificial scarcity that concept creates. Defining natural resources such as air, water, land, energy as 'CAPITAL' is the problem, not the concept of currency or savings or credit or debt. Wealth is a measure of the value of our work, it is infinite, but the resources of this planet are not. There is no way to create 'absolute abundance' on a finite planet. You need an infinite number of planets, and we can't get interstellar without working together. "Money" creates a just system of trade to help us work together efficiently, without ceding control, power, autonomy to dictators. Consensus of judgement and true liberty can only happen if each person has the ability to control the value of their work. The merit of your choices is defined by the benefit to others, but the choices must be made by individuals, else we are not free. 
My contribution would be to sire children to create abundance of children, 3 hrs./week. I'll create my own society by following my passion and start the domino effect. Ubuntu Vegas!

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