Asset bubbles are the means through which 'free market' economies store their surpluses.
There seems to be some sort of mechanism in the economy that draws people into the asset bubble whether or not they wish to participate.
The effect of this as-yet unspecified economic mechanism is to focus people away from the cultivation, first, of what would sate them and then, second, away from the cultivation of how they would spend their surplus in the promotion of deeper values; it focuses them rather toward the accumulation of the assets that would enable them to participate in the asset bubble.
If we identify the instruments of the deeper values as the local relationships people have with their families, their neighbors, their local townspeople, their tribe, their nation, then the imposition of centralized money that forces all transactions into the same cauldron of annonymous exchange (which describes international trade) makes it so that local transactions lose their advantage over transactions at a distance, and the medium that is well-suited for hoarding the storage of value becomes the requisite medium for engaging in local exchange.
Thereby, all activity becomes colonized to the service of hoarding for the storage of value through the participation in exchanges that trade in asset bubbles rather than to the cultivation of the deeper values one can achieve by strengthening local relationships and by fortifying local economies and local communities.
No comments:
Post a Comment