Money and Currency

Money such as £€¥$ is created by the government digitally and some of it is printed as paper. It has no material value except what we believe it’s worth. Governments often create more of it when needed. In recent years much of it has gone to bankers and the ultra wealthy.

However, too much money creation can lead to inflation. You often see inflation when you benchmark money against real resources that are from the earth such as milk, corn, oil, gas, gold and copper. For example, gold in £ per ounce in the last 50 years:

In the past the most precious resource was food. So most people worked in agriculture in order to eat. Few people are needed today on the farms so most work in bullshit jobs to earn money to pay their bills. Most nations could afford to house and feed people if they chose to.

Money today acts much like tokens in a casino. They only have worth in the house or country that accepts them. In the past coins contained precious metals such as Sterling silver and copper. Money today is just numbers in a computer. Network (bandwagon) effects are powerful here.

Neoliberalism is today’s ideology used to refer to market-oriented reform policies such as “eliminating price controls, deregulating capital markets, lowering trade barriers” and reducing, especially through privatization and austerity, state influence in the economy.

In a philosophical sense, Neoliberaliam is the chief game we play at the casino. Given few workers work in agriculture it’s difficult to argue it has anything to do with Darwinism. Though in essence it is the “Survival of the richest” rather than “Survival of the fittest”.

As an #ActuallyAutistic person I have blogged what it feels like to be trapped in this casino.