Thursday, July 11, 2019

Firelighter


Money doesn’t create value. It releases it. One of the reasons I am a Universal Basic Income activist is that people trapped in Financial Poverty lack a catalyst. They have skills, knowledge, needs, and wants but this is all trapped because we speak with coins, pieces of paper, ones and zeroes. Pure-play Adam Smith Capitalism pushes decision making down from central committees to individuals making the choice to exchange. It is the “tacit knowledge” that is released when a price floats somewhere between the buyer and seller’s value… so that POP! – value is created in the swap. Money becomes a lubricant to get the whole process started. Then if some of that additional value is invested rather than consumed, the person can gradually be released from imprisoned potential to empowered engagement with the world.


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