Member-only story
engineering lasting peace through economicFusion
Economic Current State:
Economics is a principal and practice that is designed to have a function to people. Effectively, understood simply, economics is the abstraction of how ordinary people generate aggregate wealth that is used to create prosperity within their worlds. The prosaic and disproportionate value placed on the abstraction component of economics has allowed actors to effectively hack the key components of the system to concentrate wealth in such a way that it no longer effectively circulates within the entire system. As if the nutrients that would help grow healthy crops were only being applied in abundance on one side of the field leaving the rest untended.
Effectively money and the monetary system are no different than the nutrients needed to run the engine of growth that fuels prosperity for all components of the system. A cursory reading of Adam Smith’s Wealth of Nations[1], reveals that while his name and his work are largely used to justify the current state of economics, Adam Smith himself must be turning in his grave. He devotes not one, but several chapters to repudiating the practice of slavery and exploitive work. In fact, one could argue that The Wealth of Nations is actually a book written in defense of workers rights. He advocates for healthy wages, safe working conditions and prosperity through motivation and an ability to climb the ladder of success. All things abjectly missing in the current applied system of economics.