TED Conversations

This conversation is closed.

Since the Monetary system is man made, why do we allow debt, inflation, starvation etc... to persist? Can the system be transformed?

Money is a social system where value can be moved and recognized on a global scale, but at its very core it is still man made. It is not sentient by any stretch of the imagination, it is controlled by man.

Would a better system be one that allows Money to, only have labor value?

The current system allows Money to be made from Money, which places more value in Money itself, than the necessary labor to produce goods or services.

In essence "The Emperor's New Clothes" we make something from nothing.

Share:

Showing single comment thread. View the full conversation.

  • Jan 6 2013: Depending on your definition of "money" (which you really should define when starting a conversation about it) there are alternatives for the monetary system and not all of them require perfect government or perfect people. An example of such an alternative is the "energy accounting" system developed by the technocratic movement.
    • Comment deleted

      • Jan 7 2013: "Isn't everything we do in essence already energy exchange?"

        Yes, that's why energy has intrinsic value to everyone and that's the reason energy accounting was proposed as a replacement for the monetary system.

        "Don't we trust reality to keep perfect score ;). But no, we want insight into the books, and control over them."

        I don't think you know what energy accounting is...

        @below

        Energy accounting doesn't keep tabs on nature (where the hell did you get that idea?), it keeps tabs on the consumption of people and production processes to make sure that if I order a chair the chair factory has enough energy to produce a chair and also to make sure some people, in their infinite greed, don't use up all the world's energy, finally it allows society to watch for over-consumption (beyond sustainible levels) of natural resources.
      • Jan 7 2013: Hi Mark

        Your comments are very insightfull, they remind me of James Burke. In one series he describes Man as just redefining the Universe, through discovery, which is not discovery, just a different version of the way things are.

        Trying to remember which series that came from!!
      • Jan 7 2013: Found it, "Balanced Anarchy" James Burke. From "The Day the Universe Changed"
    • Jan 7 2013: Money has been defined, be it gold or naval lint, any currency where value has been placed and recognized on a global scale.

      I agree, nature has its own books, we try to account by offering control. What still worries me is how that control is dealt out.
      • Jan 7 2013: "Money has been defined, be it gold or naval lint, any currency where value has been placed and recognized on a global scale."

        That's awfully broad. Our current monetary system is but one of many that could exist by that definition, even without replacing dollars and euros for energy credits, a gold standard would already be different from the current monetary system (but not necessarily better) and still fit your definition of money.
        • Jan 7 2013: Interesting, Would not Energy credits be even more slanted towards industrialization?

          I am a bit lost on Energy Credit being used as a Monetary system.

          If Society can not police itself with the current system, what would be the mechanism that would allow Society to police who obtains the most energy per unit?
      • Jan 8 2013: "Interesting, Would not Energy credits be even more slanted towards industrialization?"

        Yes, but why would that be a problem?

        "If Society can not police itself with the current system, what would be the mechanism that would allow Society to police who obtains the most energy per unit?"

        Things like inflation, investment bubbles and large inheritances are made very difficult, if not impossible, by the very nature of energy credits, so the economic system would change a lot, even if none of the other rules were changed. In addition you could change the rules the same way you could change them for ordinary money, for example with a social dividend and/or guaranteed minimum income.

Showing single comment thread. View the full conversation.