What’s the real challenge in economics? If you got through a few couple initial chapters of Marx in Das Kapital, you are already well equipped to acknowledge that money is meaningless. And The reality of economics as a science is to build up some good lie that people can live within. As of capitalism, in the way we see it today…just some bullshit propaganda from the 50-60s.
How to move
to move people towards value creation is the real question in economics? To
this day, nothing has proven to be so effective on value creation as of scientific
progress…however capitalism in its current status has guided our societies to a scenario where you can only fund basic research through governmental channels…on
the perspective of a company that has to conciliate spreadsheet shareholders and
basic research with uncertain results… well if your country ain’t the place to
where foreign value goes to grow on some speculative silicon valley bubble…. You
are screwd.
Governments
should identify problems and guide money towards the solution of those problems.
If you are a government that is facing some foreign capital influx, well there
is your basic research fund. But if you as a government aren’t having any foreign
capital influx, how would you guide society towards value creation? Print some currency
that nobody wants, ain’t a good answer. Debt? Well…if there isn’t value creation
there’s not much of a reason for someone to lend you money.
Not saying, I’m against capitalism, just saying governments
should take a bigger role, on the matter of guide society toward value creation.
If we look
to the capitalism we have today, it has achieved the target (thinking on the
terms of Bretton Woods) …we are already on the edge of something like a global
society…we are starting to see private money taking its form as a global
integrator. However, value creation is so unevenly distributed throughout the world that it seems like a time bomb that could lead to some rethinking of
the system.
I can just
expect we won’t fall for some government vs private bullshit again.
Value
creation can be achieved under both, however, irrational nationalism can lead to
some dangerous outcomes.
How to decentralize
value creation? How to create space for arbitrage beyond cultural and
linguistic borders?
We got some
good results on the whole covid thing…what can we learn from that?
