Posts Tagged ‘financial wealth’

Does money exist

Money: does it really exist?

“Even though the number of dollars in the world are real and finite, the value we assign to those dollars is completely arbitrary. It changes all the time.” ~ Sean Edwards, author, speaker, political thinker.

So the answer to the question is a quick no, it doesn’t exist. Money is something we made up in order to create a standard value for controlling barter and trade. And without it, life would become very complicated.

If you’re a shoemaker and need clothing, then you might trade shoes with a shepherd for wool. However, if the shepherd doesn’t need shoes but dog whistles, then you have to find someone who makes dog whistles who is needing shoes – all before you can get the clothes you need.

So because trading one product for another would became cumbersome, we invented a tool of exchange which could easily represent an agreed value, and be used as an acceptable leverage for moving goods around.

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The Thin Edge of the Wedge: Who is the 1%?

In 2006, a film made by Jamie Johnson, heir to the Johnson & Johnson fortune, depicted Americans who controlled nearly 50% of America’s total financial wealth in 2004. The stir this created rippled across the globe until it became a wave of outrage and resentment. Eventually, for a variety of supportive reasons, banners were painted and people marched, and finally ‘Occupy Wall St’ set up vigil outside New York’s powerful financial houses.

But the 1% remained unperturbed. This is largely to do with financial acumen, personal character and practical insight. The wealth of the 1% isn’t under their mattresses – it’s tied to vast investments, ventures, projects, product development, research, science, technology, energy exploration and inventions. All of which are the very things we depend upon to prop up job opportunities, pension funds, life policies, etc, right down to competitive pricing in the supermarket. In fact, the wealth of the 1%, including their taxes, underpins just about everything on the planet.

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