Fundamentally, the philosophy behind economics is based upon the fact that there exists a limited amount of scarce resources to be efficiently allocated. Consequently then, in this closed and scarce system, an objective allocation of value improves relative efficiency to some degree, as simply trading goods as a means themselves can cause a double coincidence of wants, limiting the effectiveness of certain types of transactions. With the idea of money, more efficient markets can emerge. However, in the modern world the conceptualization of the market has changed with the advent of technology, automatization, and the availability of information. Today, we are privileged with the ability to access the collective web of human information from a keyboard stroke or a smartphone tap virtually anywhere on the globe. Information, and its accessibility, is only becoming more prevalent and pervasive. Taking this idea to its forgone conclusion, a market with a completely open and transparent transactional system will improve the idea of an efficient market although it comes with a privacy tradeoff. Within a transparent framework, we can see, as a group, where value flows and where it is placed.
Further still, the current economic framework exists within a monist sense of value. That is, no matter the way currency is spent, a dollar is still a worth dollar, and one dollar spent toward polluting the environment is, objectively, the same as one dollar spent toward feeding the poor. Negative and positive externalities seemingly are not taken into consideration in direct valuation. Rather, they are promoted or mitigated through governmental policy. Elizabeth Anderson in The Ethical Limitations of the Market states that, “the need to limit markets is based on pluralistic theory of the social conditions for freedom and autonomy,” giving rise to questions about decentralization from the monolithic and governmental backed source of value. Value is subjective, and through the nature of subjectivity it cannot be truly objective unless everyone is on the same page. Pluralism holds true as, currently, we are all different with individualistic tastes and wants. So, why is value monist?
Value is inherently subjective but this inherent subjectivity is not translated over in aggregate into the value markets as it is imbalanced by players entrenched in the game. Through the placement of our own subjectively objective sense of value we have seemingly forgotten those in ghettos across the world in place of luxuries in the moment. Though we live in a world where the dichotomy of yacht clubs and abject poverty can exist only miles apart, we can change. The current state of affairs is a reflection of our group-defined value. It is a direct choice; however, transparency can act as an equalizer. In a system with open information all are equal from an informational standpoint. Banking, particularly investment banking, is continually becoming more conceptual. Think about the financial markets and how, literally, derivative their value comes to represent. How abstract can it become while still retaining value? In the credit crisis of 2008, we saw the partial limit. Furthermore, the financial markets are like one giant game of game theory with its equilibrium equating to the current market position. However, as financial firms acquire more advanced fixed cost technology they are given a huge upper hand. A single day trader is no match for a hedge fund equipped with an array of high frequency trading super computers. But what about a market dominated by algorithmic trading? Should value be placed in the hands of automatization? This is the path that finance and economics are headed toward, and the ethical implications of a computer dominated value system are worth consideration. In imagining a better market framework, it is important to step back from the current system to evaluate its possible shortcomings. As stated by Allen Buchanan, high transaction costs and a lack of information are sources of inefficiency in the markets. However, these are problems that can, and will, be fixed as technology becomes more prevalent if the choice is made to utilize its power in a distributed manor. However, the market economy still exists in a closed system. That is, no matter the idea, society as a whole is encapsulated within its framework. This is worth noting as, currently, value is not equally distributed, and those with more collective value (money) also possess a collective responsibility to use it in a more objective sense rather than splurging on individual abundance. As economics is the science of tradeoffs, choosing to spend for, or rather valuate, one thing carries along with it the implication of choosing not to spend for any other possible outcome. The rather extreme example of an individual purchasing a one hundred million dollar yacht as opposed to providing free education for a multitude of others can represent this trade off. Which is more valuable for society as a whole? Well, that is up to the interaction between what humanity actually believes and its collective sense of value. The point is, the current state of affairs is what the group, or the group sense of value, valuates. The ethics of freedom, individualism, and equality are put at odds in a capitalistic environment where such exaggerated trade offs are accepted. In a sense, those with financial power are given their representative control either through birth, hard work, or a combination of both, and although this may mesh slightly with the ideals of a democratic republic, it exists as a start contrast to the idea of collective equality that is becoming more emergent with time. Finance, politics, and policy are intrinsically interrelated.
Seemingly, we have a problem. There exists a disconnect between (my perception of) humanity’s ideals and what actually exists. Presumably, humanity does not valuate people living in slums and yet this is the market solution; financially this is the valuable solution. To the philosopher, all money is obviously fiat, deriving its sense of value from its self -- the value that it is given. All financial value is self-reflective existing as a symbology for what actions it may cause or for what economic trade offs it may realize. Think about where the first dollar came from and what it meant. In today’s standards, money, in the most basic sense, is created though buying and selling bonds. Rather, it is created though a promise to pay ourselves back in the future; thus ensuring relativistic growth toward some unknown. This is fine and well but the game is played with cards already dealt, and this promise of repayment is not at all equally distributed. Marx presented the idea of labor being indicative of economic value, but this is just one layer of abstraction stepping back from monist ideals.
Transparency and personal abstraction and decentralization of value within the markets is seemingly one solution to the problems that the modern day global financial system faces in allocating resources effectively and efficiently. The problem of a lack of money, especially in poorer countries, makes no sense as it grows within our collective mind. Let’s think about that for a second.
Within a pluralistic and transparent market, finance can become more representative to both what the group and individual valuate. Within this framework, more abstract concepts can be valuated as no matter how a monist sense of value is utilized, is worth the same across the board. Is competition the best motivator? Perhaps in the current state, but collaboration within an idealized market enables the possibility for larger and more abstract investment returns. Imagine if companies as well as countries, worked together toward a common goal that may not traditionally be profitable such as collaboration for space exploration. Remember the space race was a competition, but most of the world will agree that there was more worth in the act than the United States beating Russia to the Moon.
Transparency is the great equalizer, and a way to move forward in the world of finance and economics. Although it comes with a price of privacy, and will limit the ability of profitization through market based arbitrage, it synergizes profoundly both with the idea of an abstract and pluralist sense of value as well as with continually advancing computer based technology. Within this ideal market, investment returns are normalized across the board, and the disconnect between value and money can be bridged. As time progresses in turn with technology, presumably, overall goods and services will become cheaper in certain aspects. As efficiency increases, scarcity will become less of an issue, but this will only occur if, as a group, this is decided as valuable. There will come a time when humanity will have to make more conscious and definite choices on what is valuable. If it was perceived as valuable, everyone could be given certain abstract currencies that that could be utilized to solve issues such as homelessness and world hunger. While there is no single solution to the world’s financial woes, it starts with pluralist valuation.
Reject the impossible.
Expand into N-Space.
Life is ruled by these glowing rectangles, but this isn’t something that should get us down. We should be empowered by mindfulness and the connections that we share.
Think about the growth of potential. How the growth of information, interconnection, and data manipulation is sculpting life itself. The universe is readily organizing and analyzing the bits of its very creation. It’s also playing angry birds and sending snapchats. It’s endlessly scrolling and seemingly zombified by its very power. But just imagine the potential!
Citizens' Council: “Reevaluating Value”
It seems that ever since the first humans began to congregate together, an objective sense of value has been needed to cultivate civilization, encourage trade, and to advance society further into the great unknown; but this placement of value has not come without a price. Along with the numerous achievements and relative advancements along our journey, we have encountered many challenges and continuous pitfalls. Through the placement our own subjectively objective sense of value we have forgotten our brothers and sisters in ghettos across the world in place of luxuries in the moment. Even though many starve and suffer violent deaths at the hands of cruelty and indifference, we have the capacity for compassion. Even though we live in a world where the dichotomy of yacht clubs and abject poverty can exist only miles apart, we can change.
Now is the time for the Citizens’ Council to establish a sense of value that can, and will, benefit us all. In order to escape the cyclic nature of history, we must learn and evolve from those that came before. The central tenant of economics is to find a means to combat scarcity, so how can there be a system set in place to eliminate the certain struggles that we all face, to promote life, liberty, and the pursuit of happiness? I can tell you now; these are currently not the main focus. Money for money makes us all poor in the same sense that an eye for an eye blinds us all.
It is of the opinion of the Citizens’ Council that the government, currently, is simply a monopolization of power continually consolidating, as well as oppressing, with no legitimate authority. This authority comes from us all, this value comes from us all! The economic freedom to life and the economic freedom of having a choice are imperative. Without these central ideals, we are all simply disposable cogs in a machine; slaves to our real masters -- our own deluded sense of value.
To start something, we must gain permission from those that hold the cards.
I've realized something, cash is king. Rather, value is king. What WE hold to be valuable comes to fruition, but our sense of value is distorted, playing into the hands of the few rather than the many. Our collective voice is stifled by those that control and influence, but what can the average person do? We simply have not, and it's this curious type of circular reasoning that draws us back into the trap. RAMBLE RAMBLE RAMBLE FINISH LATER, COOL IDEA THO
We are living in the world that we think collectively has the highest value. We choose to do x y and z. It is what is valuable to us! So let’s think about why. Why do we think suffering is valuable? What do we have to learn?
The ‘invisible hand’ touted by economist Adam Smith was accurate at the time as the force of the economic system was unconscious and under the radar. Now our value system is brought into the light. It is a hand that we can control. It is obvious that we collectively pick our value and current state.
Citizens’ Council: “Unification, Solidification, and Determination for A New Order” November 5th 2077
Throughout history, empires have risen and fallen, and the political barriers that seem to divide us so sharply are continually being blurred. To put it simply, nations are more than lines on a map; they are more than lines that divide and separate. Political States are given life by ideas from the individuals that grant them validity. So, what are our ideas, and where does our power lie? In the coming days, we the Citizens’ Council will be granted an invaluable opportunity. Now is the time to employ a new order.
Fundamentally, all are given all, and in the same sense, everyone is intrinsically equal no matter the powerbase or legal structure in place. In this order, there exists a protection of choice in so far as it promotes the protection of choice. Autonomous consent is a required for a choice a to violate the intrinsic equality given to all.
A republic, by its very nature, can never be truly free as it is built on the idea that one minority must rule over a majority that is entirely irresponsible for its own well being as well as also being either mostly ignorant or indifferent of the way of things. A free “republic” is nothing but a farce, and a free state is not simply a nation on a map. Remember, all are given all.
Within this new order, any individual, regardless of race, creed, color, situation, circumstance or environment can play a part. Thus, the idea of citizenship can be thought of as gradient rather than an absolute black or white. Within the current technological framework, it is possible to decentralize legislative and executive powers to each individual connected within the network. Groupthought, as opposed to groupthink, can be achieved. It comes from a collective responsibility that decisions are made and citizenship, not restricted by lines on a map, can be achieved. Participation, collaboration, and culture will all play a vital role within the order. Furthermore, information must not be kept in secret or held private by any individual or group as a transparent society elevates all of those who are involved. Within a transparent society, we are all the judge and the jury. Remember, all are given all.
Just as governmental authority comes from us all, value comes from us all! The economic freedom to life and the economic freedom of having a choice are imperative. Without these central ideals, we are all simply disposable cogs in a machine; slaves to our real masters -- our own deluded sense of value. Through the placement our own subjectively objective sense of value we have forgotten our brothers and sisters in ghettos across the world in place of luxuries in the moment. This can and will stop but only when we deem it necessary. Technology has connected us all and connects us to a new sense of collaborative value. What is valuable to the individual as well as the collective? Now we will know.
feel as you should
feel like you could
and feel like you would
feel as you grow
and feel as you show
feel it for you
feel it for me
feel it for all we are soon to be
We are just ideas being expressed.
What is your idea?
And how can you know,
That this is where you want to go?
Well let me tell you that
You already know?
And I want you to see that this is where you need to be.
And I want you to feel that this is real.
Reality is built from perception.
This is your belief.
what are you even doing?
why are you here?
no seriously, why are you alive?
because you’re awesome.
think about it, you change the world.
life is a game not a job.
everything at the same time is it all, how can you make it so small.
the derivative of time is now.
the imaginary derivative of time is energy.
quantizing infinity == math
you can't hide from the truth because the truth is all there is
believe that everything is okay
believe that everything is going your way
Profit from trading is only a misallocation of abstracted value that is collapsed to the block of a monolithic sense of value.
Citizens Council: A proposal for “Leaderless leadership” r 1.4 October 22nd 2076
From the viewpoint of the Citizen’s council, the concept of a representative republic has lost legitimacy, especially with the current situation. Ever since issues were polarized as black or white, as one side against the other, our rights have been continuously stripped away and watered down by a small leadership minority. Looking back on history, the NSA mass surveillance revelations and the partisanship driven governmental shutdown of 2013 should be key precedents to what is now happening.
A proper and functioning modern-day governance must come through the people it represents, and through their direct input and organizing power. Through current technology and our own resurgence and implementation of an Internet, citizens can be directly represented though an almost ‘leaderless’ leadership hive mind.
Participation is mandatory and informed citizens, as well as access to open information, are imperative. This is a shared responsibility among us all. It elevates each and every one of us to a presidential position and yet we are all equal. The time of ‘protecting the minority from the majority’ has come and gone. We no longer need a minority in government specialized in political manipulation to tell us how to act and how to lead our lives. We have the power to lead ourselves.
We have come a long way since tyranny in the past, and we must not revert when faced with a serious threat. It is time to take responsibility. Terrorist organizations will never play by any set of rules, but this does not mean that we cannot uphold the fundamental principles of democracy, the rights of the individual, and equality for all. Power must be legitimized, and it is our duty to make it so. This power comes from each one of us, not from politicians, not from lines on a map, nor from an old piece of paper. Leading by example is never easy, especially in these troubling times, but in order to evolve as a species, it must be done.