Money Talks
'Taking the internal snowflake of the sensory motor system out of the mouth is a complicated process and that's where the complexity and diversity of language resides.' Noam Chomsky
The most common definition of money is as a medium of exchange, so why isn't economics a module in a media degree? Instead of a multi-billion dollar subject that seems to underwrite everything.
What made me question the legitimacy of our financial system?
Maybe it was Douglas Adams jest about the Golgafrinchans using leaves for money and chopping down forests to pre-empt inflation.
Or maybe it was the collapse of the banking system that happened in 2008.
.
The internal snowflake of the mind, as Chomsky called it, the place where money begins, is something we really don't understand yet. We haven't even begun to study it, as Chomsky points out in his lyrically succinct way. We have no real idea why we have such a complex and innate language capacity. Seeing as language is the basis of money, we probably should reassess the 'science' of economics. A science that is based on purely speculative numbers, but is treated as a hard science like physics. The error in this thinking is becoming more and more obvious as the financial system takes on a life of it's own, behaving in ways that are either cynically contrived or just totally out of control because the system is making decisions unwittingly based on made up figures and formulas. A computer doesn't say 'wait a minute that formulas seems a bit dodgy,' it just makes the trade.
A snowflake is a construct made of circles and lines, that has in its seed shape a unique imperfection that means when the iteration begins, that snowflake will be unique compared to any other snowflake.
Each of us, in Chomsky metaphor, are owners of a totally unique and incredibly complex capacity to communicate and exchange thoughts, feelings and desires. Which manifests itself in many, many, ways, words being the least complex of them all. Music and art transmit proportionally more information in a smaller amount of space and time than words can even begin to get close to.
Does this knowledge create space for a new system of trade? One that could be truly meritocratic? Where anything could potentially be used as means of communicating value. Where a person is literally only as good as their word. In fact that seems like the only viable outcome of this huge shift in perception, thanks to our minds sensory motor systems that are creating incredibly complex and accountable alternative trading systems like cryptocurrencies that have no need for middlemen and our impossible to fraction, in the way that fiat capital is.
This is just one of the ways we can use our minds to create new and fare exchange systems. A pre-cursor to truly organic communal living? After all, humanity is the source of value on this planet, not pieces of paper, or binary figments. The financial system we use now is obsolete. Obsolescence in markets happens all the time without any problems, yet the obsolescences of promissory notes and fiat capital almost brought us to our knees and that benefits no one. We must begin to see this system for what it is, purely a way for us to hold energy static in time and space. A wonderful invention that in the form we use it now, is no more advanced than horse and carts. Let us use the 'internal snowflake of the sensory motor system' to create something really special.
The most common definition of money is as a medium of exchange, so why isn't economics a module in a media degree? Instead of a multi-billion dollar subject that seems to underwrite everything.
What made me question the legitimacy of our financial system?
Maybe it was Douglas Adams jest about the Golgafrinchans using leaves for money and chopping down forests to pre-empt inflation.
Or maybe it was the collapse of the banking system that happened in 2008.
.
The internal snowflake of the mind, as Chomsky called it, the place where money begins, is something we really don't understand yet. We haven't even begun to study it, as Chomsky points out in his lyrically succinct way. We have no real idea why we have such a complex and innate language capacity. Seeing as language is the basis of money, we probably should reassess the 'science' of economics. A science that is based on purely speculative numbers, but is treated as a hard science like physics. The error in this thinking is becoming more and more obvious as the financial system takes on a life of it's own, behaving in ways that are either cynically contrived or just totally out of control because the system is making decisions unwittingly based on made up figures and formulas. A computer doesn't say 'wait a minute that formulas seems a bit dodgy,' it just makes the trade.
A snowflake is a construct made of circles and lines, that has in its seed shape a unique imperfection that means when the iteration begins, that snowflake will be unique compared to any other snowflake.
Each of us, in Chomsky metaphor, are owners of a totally unique and incredibly complex capacity to communicate and exchange thoughts, feelings and desires. Which manifests itself in many, many, ways, words being the least complex of them all. Music and art transmit proportionally more information in a smaller amount of space and time than words can even begin to get close to.
Does this knowledge create space for a new system of trade? One that could be truly meritocratic? Where anything could potentially be used as means of communicating value. Where a person is literally only as good as their word. In fact that seems like the only viable outcome of this huge shift in perception, thanks to our minds sensory motor systems that are creating incredibly complex and accountable alternative trading systems like cryptocurrencies that have no need for middlemen and our impossible to fraction, in the way that fiat capital is.
This is just one of the ways we can use our minds to create new and fare exchange systems. A pre-cursor to truly organic communal living? After all, humanity is the source of value on this planet, not pieces of paper, or binary figments. The financial system we use now is obsolete. Obsolescence in markets happens all the time without any problems, yet the obsolescences of promissory notes and fiat capital almost brought us to our knees and that benefits no one. We must begin to see this system for what it is, purely a way for us to hold energy static in time and space. A wonderful invention that in the form we use it now, is no more advanced than horse and carts. Let us use the 'internal snowflake of the sensory motor system' to create something really special.
Ollie Bee
I really like the essence of this article. Can you point me to the Chomsky article that you refer to please?
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