How many times do we say: “Well, it would be better in the long term if we all did X but it would not make money?” Or, “there isn’t enough money?” Or “it would not be competitive?” Or even worse: “We all know that X is a destructive thing to do but we all have to make a living.” In a sense, we say that last line to ourselves every day because that is how our economy works; it is built on “growth”, which, as the world stands, is a code word for exponential extraction and destruction of natural and social resources.
How did it come to be that we are controlled by money? How is it that our creation is controlling us? It’s fashionable to worry about the advent of AI (artificial intelligence) – and with good reason. We have already created a technology, a relatively simple technology, that is out of control – money and the system of valuation that underlies it. It is for money that we are burning up the only world we have. We are already fooled by and the slaves of our own creation, and our financial system is nothing as sophisticated as what it will be when augmented by AI, blockchain, cloud-computing and big data.
Now would be a good time to get a handle on our creation. Now would be a good time to think about where we are going. Continue reading “Money & Life”