This morning I was woken from a dream by this line, which an actress spoke to an actor in a film I was somehow involved in:
“I cannot roll the moon because your tongue speaks kindly of Egypt.”
They were the first words I spoke to my wife upon waking. She thought I had uttered a prophecy. My Jungian hat would interpret this missive from within thus: You cannot change human emotional desires and habits just by praising the Arab Spring and Occupy movements. In other words, words are not enough, even though the pen is still mightier than the sword, more than ever perhaps. No, words are not enough because there are too many of us spewing them out. More importantly still, we are obliged to put our money where our mouths are.
We know this, and I know this too; I quit my job to change my habits of consumption, feed the beast far less than before, and find more time to be more human and more of a father/husband to my family. Yet writing is what I do by habit, by ‘nature’, by desire. I love words. I suspect that of all non-human, non-organic ‘things’, I love words the most, am happiest in their presence. That says a lot about me.
But what use is my preference to you, to others? Deeper still, what use are questions on utility? As King Lear put it, “Reason not the need!”
My wife is likewise a lover of words. As I write these, she is in another room writing hers. My eldest daughter is becoming a writer, my youngest loves to draw and write stories. We are a wordy family. Yet we need to earn ‘real’ money to pay the bills. There is next to no money to be made from writing. Not only are writers a dime a dozen, readers are diminishing, and digital content wants to be free. Dear Reader, how much would you pay me to read this rambling? And what of books by unknown authors, not promoted by some slick publisher, available across the internet; how much would you pay to read one? Old news of course, as old as art itself, and I wouldn’t trouble you with any of this if it weren’t for other social phenomena pressing on us now, demanding change hardly any of us have the desire or courage to take on. We will not roll our moons for pretty words. We all still need the beast we feed, just as we are trying to diminish it, so we must, for some while yet, reason the need.
Digital content wants to be free. Machines, more and more, do the work humans used to have to do. Forward-looking thinkers say the future is for the imaginative, the creative, since this is where machines fail and humans shine, but digital content wants to be free. I do not see how this circle can be squared (unless we all go back to farming, but what a transition that would be!).
I believe a negative interest money coupled with guaranteed income is very necessary right now, since it would free us up to offer society what most inspires us. However, how many of us would then have the time to absorb the content of billions of humans creating to be noticed, to feel they are contributing, all needing feedback of some kind? If I spend half my time creating, maybe the other half could be used to absorb (and respond to!) the output of a handful of other people (or groups of people) at a time. My own wife does not have the time to read all that I write. In an important way, a future of billions of creative people is hard to envisage, economically speaking. Perhaps the human economy of the future will have little to nothing to do with any explicit reward which has any purchasing power. Must we learn, then, not to need each other, or to need each other more? I suspect a new hybrid of the two.
As work for a wage becomes obsolete, money becomes obsolete for the vast majority of human activity. Perhaps the very idea of contribution I have dwelled on for so long becomes moot. The challenge of the future may well be learning not to care about meaning, about contribution, about success, about value, at least not as ‘objectively’ measured by money or something money-like. Isn’t that what abundance would entail, in a world where human economic work is hardly necessary at all?
The job I gave up required of me an hour’s journey to a chair, in which I then sat for about nine hours, before being allowed to go home again. Every now and then there was something to do. My colleague and I had so automated our responsibilities, the only thing we had to do was turn up, a legal requirement, not a practical one. And I hated it. It made me feel guilty. I wasn’t needed, was earning money for something I saw as stupid and pointless; 19th century regulations for 21st century realities. The vast majority of the work done at my old place of work dealt with billing. Were the company to give away for free the energy it generates, they could shed over 80% of their staff. I imagine the same applies to most other companies. Imagine that. Imagine the mayhem of billions suddenly with nothing to do. We employ people because we dare not develop another method of getting money to them. When we make that cut, when we put our feet on a path which includes such things as guaranteed income, what a slippery slope it will be.
How useful are you? How useful am I? I have no idea; it is a childish and narcissistic question. Measuring value (reasoning the need) is money’s job, and though money does it terribly, at least it does it. Remove that now vital crutch, and we enter cultural territory we have no experience of whatsoever. Negative interest currency and guaranteed income are close enough to the moneyless future which seems so inevitable to me, to bring down on us the enormous challenges I’ve outlined here. And yet for unstoppable reasons, this is the path we must choose to tread (contradiction intended).
We cannot roll the moon, no matter how sweetly we describe our visions. Thank you, dream, for bringing that to my attention.
Showing posts with label negative interest. Show all posts
Showing posts with label negative interest. Show all posts
23 March 2012
18 March 2012
Consider the Lilies
I am not attached loyally to this or that religion. I grew up in the Christian West though, and English is my mother-tongue, so with that combination am therefore something of a de-facto Church of England Christian in my deeper sensibilities, slightly—due to my family’s Scottish bent—to the protestant side. So for all my pontificating here at Econosophy, despite my passionate (an appropriate word, don’t you think?) support of demurrage money and guaranteed income, I believe in hard work. Reflexively. On the other hand, the part of my being which ponders and contemplates deeply, appreciates simple yet rich lazing around, simple interbeing, with no protestant notions of productivity or contribution, no fear or fawning respect of The Great They, muddying the water. I can’t really do that kind of lazing around for very long without feeling guilty, but I respect it nonetheless. In that vein, I have recently been considering the lilies.
Lilies work. They process sunlight, water, minerals, carbon dioxide, and egest oxygen. They process and transform energy into food and waste. Is it, then, that they do not work for a ‘boss’, is that why we moderns should consider them? Well, they are lilies, and thus are constrained by their nature, cannot grow into mango trees, or sprout wings to fly off like birds. They develop as lilies, their very nature being their boss. Each is unique, yes, because each has a unique biological-environmental trajectory it will ‘follow’, a unique dance of interbeing to interbe, but always as lillies. Eggs is eggs, lilies is lilies.
Should we consider them at all, then? We ‘special’ humans all interare and interdevelop uniquely for the same reasons each lily develops uniquely. And if lilies are relaxed, happy beings—another reason we might want to consider them—, what about industrious ants? They are equally children of nature, why shouldn’t we consider them? Or chimpanzees, with their warfare and blood feuds, their hierarchies, politics and complexities. (As a side note, I remember reading alpha baboons suffer more stress-related illnesses than their less powerful male troop members. Food for thought?) What about humans, shouldn’t we consider them? They are children of nature just as much as lilies, ants, chimps and sunshine, and they grow, do, react, perish, etc., just as every other living thing.
Well, for what it’s worth, I think we should consider the lilies, because we humans of today’s ‘industrious West’ have too binary, too dualistic notions and concepts of work, effort, productivity, utility, waste and value. The discipline of economics serves as the gatekeeper of these dualistic notions, but, as a semi-living thing, economics is much like the lilies of the parable; it too emerges out its supporting idea-soil as naturally as lilies grow out of their supporting soil. Unless and until its supporting cultural soil changes profoundly enough, economics will continue to be the gatekeeper of hard work, productivity and Endless Growth. And, sweet irony, one of the primary ideological sources of the hard work ethic economics emerges from and is still fed by is of course the Bible.
Enter machines and automation. In a way we could call automation a new soil which grows fridges, washing machines and televisions like meadows grow lilies; without much (human) effort. In a way, we can at last start saying, money grows on trees, and mean it. Sure, there was lots of human effort involved in creating these machines, but we have them now, and consequently the proportion of humans needed for the production of the basics of life has dropped dramatically over the last two hundred years or so. What has not changed in that time is our cultural attitude to money, labour and value, or, in other words, to effort and productivity.
When it takes a good proportion of us to create the goods and services we buy and sell to live and enjoy life, the money-circulation system we have is quite good. When there is plenty of room for growth, even the much maligned positive interest debt system we have is ok. But when we have no room to grow and very low need for human labour, when Consumerism is increasingly seen as a hollow and unsatisfying rat race going nowhere, the money circulation system we have breaks down.
That’s the easy part.
Breaking down our millennia-old ideas about value, work, utility and productivity is far harder. And that is the trap we are in.
Currently, money is circulated via labour and positive interest bearing debt. Humans work hard in a way considered by money (the market) as useful—the more useful the more money earned—with the most valuable workers being able to save money which serves as the leverage for investment in new production at positive interest cost, a process which ‘wisely’ cycles money, via investment-supporting institutions such as banks—whose job it is to pre-sort the wheat from the chaff—back into the economy. That there is always less ‘money’ in existence than ‘debt’ is ok while labour participation rates are high, people are unquestioningly enjoying consumerism, and there’s plenty of ‘idle’ nature left to convert into new goods and services, to 'pay for' or back the new debt-money injections. (I’m leaving aside the very important issues of sticky and harmful social stratification, tax and the other state-related difficulties.) But this system won’t work anymore for the reasons mentioned, and is taking more social and environmental energy to prop up than it is yielding in return. Return on investment has turned negative, with a now almost totally parasitic investment function gone into a feeding frenzy, turning to bloody foam what’s left of the money system.
To paraphrase Einstein, new conditions require new solutions. Wages for work make less and less sense the less we need human labour to produce wanted and needed goods and services. Positive interest debt money makes less than no sense when our rates of consumption must increase beyond unsustainable and into suicidal. Consumerism makes less than no sense considering the preceding points, and on top of them when its glittering charm fades in the face of the new circumstances and the new, still freshly emerging relationship with environment.
In short, we require new money circulation processes.
Guaranteed income is like the air in which birds fly. Birds did not ‘earn’ the air in exactly the same way humans did not earn any of the Universe. We cannot stop development, and technology is as natural as weather. Nature is technology; perceiving, solving and creating problems in infinite inter-influencing spirals. So instead of rewarding people for their labour, we enable people to reward society with their work, like the air enables birds to fly. We reverse our thinking. Birds-flapping-wings does not ‘earn’ or ‘create’ or ‘work for’ air and subsequently flight; flight is an ‘unearned’ miracle, a beautiful dance of necessary conditions, each of which emerges from Universe ‘unearned’. A guaranteed income is truer to this mutually-supporting and inter-related reality than waged labour.
Demurrage or negative interest is a pump keeping money flowing. Positive interest is likewise a pump, but it requires endless growth, and, causing us to see money as a permanent store of value, dangerously dissociates us from the law of decay, while pumping money increasingly towards itself, towards those who already have ‘too much’. Elsewhere in nature, beyond the oddly resilient walls of economics, there is no waste, no idleness. Waste is food is waste, life and death are work. Grass does not grow faster if you shout at it. Negative or reverse interest bearing money ‘decays’ the money supply, creates the ‘waste’ then recycled via guaranteed income back to all parts of human society, as blood to all extremities of the social body. It prevents coagulation, blockage, stagnation, cancer.
If it is true not one of us asked to be born, we are nevertheless born into gratitude for the richness of Universe that makes each of us possible. That feeling of gratitude (a kind of intuited and unending indebtedness) is a beautiful thing. Reverse interest money combined with a guaranteed income waters the entire economic meadow, reflects the law of decay, encourages cooperation without squashing competition, and fosters a healthy perception of abundance while demoting money’s current overbearing power. Together they recreate the mutually supporting cycles of growth and decay, of gift and debt, we see all around us.
So we should consider the lilies, though perhaps with new eyes, new science, new religion, new faith, new doubt. And as we do, we might be able to address questions such as why money stands between us and supporting the environment which supports us. Why money moves towards and supports destruction of ‘idle’ resources, chopping down forests, blowing up mountain ranges, yet away from community, gift, mutual aid and most perversely, away from diversity. We might find new ways of dealing with that most stubborn of false dichotomies, the work-play split. We might begin to want a richer and subtler set of interrelated processes for generating an ongoing and ever-shifting sense of what value is, rather than the money-based price-system which so encourages uniformity in today’s value assessments. How stifling and destructive to be bound to a situation in which not making money-sense means making no sense at all.
Now please watch Charles Eisenstein.
“Consider the lilies how they grow: they toil not, they spin not; and yet I say unto you, that Solomon in all his glory was not arrayed like one of these.”A modern man, I read these old words and see: Nature is self-organising, there is nothing which is not nature, that the efforts of the ‘great’, such as Solomon or Einstein, barely compare to flowers growing ‘effortlessly’ in a meadow. And here I chose the word effort. What is effort? An African saying says, if memory serves, “Grass does not grow faster if you shout at it.” How true, and yet we have an education system shouting at children for years, trying to get them all to develop at the same speed in the same uniform way, failing them if they don’t, passing them if they do. A topic for other posts, yes, but very related to effort and work, and our ancient ideas of productivity and utility.
Jesus of Nazareth
Lilies work. They process sunlight, water, minerals, carbon dioxide, and egest oxygen. They process and transform energy into food and waste. Is it, then, that they do not work for a ‘boss’, is that why we moderns should consider them? Well, they are lilies, and thus are constrained by their nature, cannot grow into mango trees, or sprout wings to fly off like birds. They develop as lilies, their very nature being their boss. Each is unique, yes, because each has a unique biological-environmental trajectory it will ‘follow’, a unique dance of interbeing to interbe, but always as lillies. Eggs is eggs, lilies is lilies.
Should we consider them at all, then? We ‘special’ humans all interare and interdevelop uniquely for the same reasons each lily develops uniquely. And if lilies are relaxed, happy beings—another reason we might want to consider them—, what about industrious ants? They are equally children of nature, why shouldn’t we consider them? Or chimpanzees, with their warfare and blood feuds, their hierarchies, politics and complexities. (As a side note, I remember reading alpha baboons suffer more stress-related illnesses than their less powerful male troop members. Food for thought?) What about humans, shouldn’t we consider them? They are children of nature just as much as lilies, ants, chimps and sunshine, and they grow, do, react, perish, etc., just as every other living thing.
Well, for what it’s worth, I think we should consider the lilies, because we humans of today’s ‘industrious West’ have too binary, too dualistic notions and concepts of work, effort, productivity, utility, waste and value. The discipline of economics serves as the gatekeeper of these dualistic notions, but, as a semi-living thing, economics is much like the lilies of the parable; it too emerges out its supporting idea-soil as naturally as lilies grow out of their supporting soil. Unless and until its supporting cultural soil changes profoundly enough, economics will continue to be the gatekeeper of hard work, productivity and Endless Growth. And, sweet irony, one of the primary ideological sources of the hard work ethic economics emerges from and is still fed by is of course the Bible.
“In the sweat of your face shall you eat bread, till you return unto the ground; for out of it were you taken: for dust you are, and unto dust shall you return.”According to the Bible, Man shall enjoy and develop increasing dominion over the beasts, is Special, has a Divine Destiny, has been given the Earth to work, to manipulate, to make use of. Some humans—we call them primitives—don’t treat the Earth that way, don’t see it as inert matter to manipulate to human ends. They appear to remain embedded in nature as unconsciously as other ‘animals’, in a fluctuating yet essentially unchanging and non-productive harmony with their environment. They produce no civilisational marvels to honour God. From the perspective of that corner of Christian tradition I am drawing on here, they are unworthy of God’s grace since they laze too much, produce too little. Economics is that intellectual dynamic of our broader culture which idolises productivity, work and the growth of its domain, Market Trading. The wild is tamed via ingenious human industry, idle resources transformed into useful goods and services, ‘useful’ because people are willing to buy them. Money, you see, as a medium of exchange, as measure and store of value, is evidence of the utility of goods and services. The movement of money reflects our desires. We don’t part with money to purchase things like leaves or blades of grass from a meadow, because no ‘effort’ or labour was used in their making. They have no economic value. (There’s far more to it than this, but I’m concentrating here on one part of this very complex equation.)
Old Testament
Enter machines and automation. In a way we could call automation a new soil which grows fridges, washing machines and televisions like meadows grow lilies; without much (human) effort. In a way, we can at last start saying, money grows on trees, and mean it. Sure, there was lots of human effort involved in creating these machines, but we have them now, and consequently the proportion of humans needed for the production of the basics of life has dropped dramatically over the last two hundred years or so. What has not changed in that time is our cultural attitude to money, labour and value, or, in other words, to effort and productivity.
“For Satan finds some mischief stillIdle is Bad, yet we are forcing ourselves in its direction by honouring our destiny and being inventive, creating machines to do our labour for us. We are caught between the devil and the deep, blue sea, precisely where we wanted to be (leisure!), precisely where we don’t want to be (idleness!).
For idle hands to do.”
Isaac Watts
When it takes a good proportion of us to create the goods and services we buy and sell to live and enjoy life, the money-circulation system we have is quite good. When there is plenty of room for growth, even the much maligned positive interest debt system we have is ok. But when we have no room to grow and very low need for human labour, when Consumerism is increasingly seen as a hollow and unsatisfying rat race going nowhere, the money circulation system we have breaks down.
That’s the easy part.
Breaking down our millennia-old ideas about value, work, utility and productivity is far harder. And that is the trap we are in.
Currently, money is circulated via labour and positive interest bearing debt. Humans work hard in a way considered by money (the market) as useful—the more useful the more money earned—with the most valuable workers being able to save money which serves as the leverage for investment in new production at positive interest cost, a process which ‘wisely’ cycles money, via investment-supporting institutions such as banks—whose job it is to pre-sort the wheat from the chaff—back into the economy. That there is always less ‘money’ in existence than ‘debt’ is ok while labour participation rates are high, people are unquestioningly enjoying consumerism, and there’s plenty of ‘idle’ nature left to convert into new goods and services, to 'pay for' or back the new debt-money injections. (I’m leaving aside the very important issues of sticky and harmful social stratification, tax and the other state-related difficulties.) But this system won’t work anymore for the reasons mentioned, and is taking more social and environmental energy to prop up than it is yielding in return. Return on investment has turned negative, with a now almost totally parasitic investment function gone into a feeding frenzy, turning to bloody foam what’s left of the money system.
To paraphrase Einstein, new conditions require new solutions. Wages for work make less and less sense the less we need human labour to produce wanted and needed goods and services. Positive interest debt money makes less than no sense when our rates of consumption must increase beyond unsustainable and into suicidal. Consumerism makes less than no sense considering the preceding points, and on top of them when its glittering charm fades in the face of the new circumstances and the new, still freshly emerging relationship with environment.
In short, we require new money circulation processes.
Guaranteed income is like the air in which birds fly. Birds did not ‘earn’ the air in exactly the same way humans did not earn any of the Universe. We cannot stop development, and technology is as natural as weather. Nature is technology; perceiving, solving and creating problems in infinite inter-influencing spirals. So instead of rewarding people for their labour, we enable people to reward society with their work, like the air enables birds to fly. We reverse our thinking. Birds-flapping-wings does not ‘earn’ or ‘create’ or ‘work for’ air and subsequently flight; flight is an ‘unearned’ miracle, a beautiful dance of necessary conditions, each of which emerges from Universe ‘unearned’. A guaranteed income is truer to this mutually-supporting and inter-related reality than waged labour.
Demurrage or negative interest is a pump keeping money flowing. Positive interest is likewise a pump, but it requires endless growth, and, causing us to see money as a permanent store of value, dangerously dissociates us from the law of decay, while pumping money increasingly towards itself, towards those who already have ‘too much’. Elsewhere in nature, beyond the oddly resilient walls of economics, there is no waste, no idleness. Waste is food is waste, life and death are work. Grass does not grow faster if you shout at it. Negative or reverse interest bearing money ‘decays’ the money supply, creates the ‘waste’ then recycled via guaranteed income back to all parts of human society, as blood to all extremities of the social body. It prevents coagulation, blockage, stagnation, cancer.
If it is true not one of us asked to be born, we are nevertheless born into gratitude for the richness of Universe that makes each of us possible. That feeling of gratitude (a kind of intuited and unending indebtedness) is a beautiful thing. Reverse interest money combined with a guaranteed income waters the entire economic meadow, reflects the law of decay, encourages cooperation without squashing competition, and fosters a healthy perception of abundance while demoting money’s current overbearing power. Together they recreate the mutually supporting cycles of growth and decay, of gift and debt, we see all around us.
So we should consider the lilies, though perhaps with new eyes, new science, new religion, new faith, new doubt. And as we do, we might be able to address questions such as why money stands between us and supporting the environment which supports us. Why money moves towards and supports destruction of ‘idle’ resources, chopping down forests, blowing up mountain ranges, yet away from community, gift, mutual aid and most perversely, away from diversity. We might find new ways of dealing with that most stubborn of false dichotomies, the work-play split. We might begin to want a richer and subtler set of interrelated processes for generating an ongoing and ever-shifting sense of what value is, rather than the money-based price-system which so encourages uniformity in today’s value assessments. How stifling and destructive to be bound to a situation in which not making money-sense means making no sense at all.
Now please watch Charles Eisenstein.
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